Vallecas (Madrid) Welcomes a New Concept of Flexible Housing

Habyt, the world’s leading flexible housing provider, and BEXT Space, the leading company in this new asset class in Spain, announce the launch of BEXT Vallecas, a 304-units building for both short and long accommodations.
With more than 21,000 sqm, the newly constructed building also features an array of modern amenities such as a terrace with a swimming pool and solarium, a chill area, a gym, co-working spaces, meeting rooms, a cinema room, a gastroteca, and more.
Located in the heart of Vallecas, Madrid, the project will launch in September 2024. It caters to a diverse range of residents, including tourists, corporate travelers, remote workers, or any individuals seeking short or long-term accommodation.

MADRID, Spain, June 6: Habyt and BEXT Space are proud to announce its expansion in Madrid with BEXT Vallecas. The groundbreaking new building is an apartment-hotel style development with modern amenities designed to make everyday life easier and more convenient. As part of Habyt’s Flex offering, it provides ultimate flexibility to its tenants, allowing them to stay for as long as they wish, from a few days to several months. Whether for a short business trip, a temporary relocation, or a long-term move to Madrid, BEXT Vallecas offers an integrated way of living that suits different lifestyles and modern needs.

Vallecas was the preferred location for its recent and up-and-coming developments, making it a sought-after location in Madrid. The building is just a short distance from key attractions such as the Centro Cultural Pilar Miró, the bustling Puente de Vallecas commercial district, and the newly revitalized Parque Forestal de Entrevías. BEXT Vallecas is also well-connected to Madrid’s extensive public transportation network, providing easy access to the city center, Atocha Train Station, and major business districts. Residents will find themselves within reach of top educational institutions, including the Campus de Vicálvaro de la Universidad Rey Juan Carlos and the Hospital Universitario Infanta Leonor. This prime location ensures that BEXT Vallecas offers a perfect blend of modern living, convenience, and cultural immersion.

Habyt will operate a total of 304 units, ranging from studios to 1-bedroom and 2-bedroom apartments, each fully furnished and equipped for ultimate convenience. The 21,000 sqm building also features spaces for socializing, wellness, and leisure, including a terrace with a swimming pool and a solarium, co-working spaces, meeting rooms, a gym, a gastroteca, a cinema room, common rooms, and outdoor garden areas. Both Habyt and BEXT Spaces aim to target corporate deals with special conditions for larger groups.

Javier Fernández-Couto, General Manager Iberia at Habyt, shares: “Vallecas, as a growing and dynamic area of Madrid, presents an exciting opportunity for our expansion with BEXT Vallecas. The increasing demand for both housing and hotels makes it essential to offer a solution that seamlessly integrates both, thereby maximizing the project's return while providing an exceptional experience for our clients. With this innovative building, Habyt aims to create a warm and welcoming environment, allowing people to feel at home rather than in a conventional hotel setting."

Jaime Monjo Sacristán, General Director of Bext Space, adds: “At Bext Space, we strive every day to offer a quality product, adapted to the new needs of society and easily accessible digitally. A product that brings together all the amenities and complementary spaces that the public desires. Thus, we have created Bext Vallecas. And what better partnership than to join forces with Habyt to elevate this incredible product. At Bext Space, we cannot imagine a better combination of forces than this.”

With an iconic architecture, BEXT Vallecas is a project by Julio Touza from Touza Architects, and follows the standards of quality and sustainability, reaching the status of “Excellent” according to the Breeam certification. The project will officially go live in September 2024.