The real estate investment company Dazia Capital has formalized the purchase of two finalist plots in the development of Hermitage of the Saint, in the Latina district (Madrid), for an amount of 50 millones de eurosThe transaction, closed with Saf Son Group As a seller, it reinforces the progress of one of the most important areas of urban regeneration in the capital.
Both soils add up to a buildable area of 18.803 m2 and are located in a strategic enclave next to Madrid Río. The agreement gives momentum to the project, which combines housing, tertiary and new living room formats, and fits with the demand for homes and services in this area of the city.
Operation and details of the plots
One of the properties, of residential use, incorporates 11.040 m2 for housing and 800 m2 commercial. It will be developed under the regime of horizontal property, with a focus on sales promotion and efficient typologies that meet the needs of the Madrid market.
The second plot is from tertiary use and foresees 5.763 m2 buildable, in addition to 1.200 m2 of use private equipmentIn this area, Dazia will promote a project of flex living which can integrate flexible accommodation solutions and formulas close to coliving, bringing diversity of uses to the whole.
The ticket of 50 million It reflects the attractiveness of the area and its strategic location Located within the Latina district, with excellent transport links, pedestrian areas, and open views of the city's historic surroundings. For the developer, this move accelerates the construction timeline and solidifies the project's critical mass.
An urban project with a public and green vocation
The scope of Hermitage of the Saint achieves 44.349 m2 surface and considers that near the 70% of the soil transfer to the public domain. The plan anticipates around 11.000 m2 of rest areas and wooded spaces, in addition to 5.600 m2 of green areas, with the aim of prioritizing pedestrian mobility and landscape integration.
Among the most outstanding performances is a 60-meter green corridor wide, which will link the parks of La Ermita del Santo and Caramuel with Madrid Riverstitching together neighborhoods and creating a reference environmental axis for residents.
The planning reserve 18.879 m2 to public facilities, including sports facilities such as a indoor pool and spaces for gym and fitness, which reinforces the social amenities of the environment.
Furthermore, the commercial base The existing area will be renovated as a local urban center with nearby shops. The buildings will incorporate bioclimatic architecture criteria and efficiency solutions to reduce consumption and emissions.
Timeline and urban planning framework
The development features final approval of the Madrid City Council, published in the Official Bulletin of the Community of Madrid el April 1th 2025, a milestone that provides legal certainty to the execution of the different phases.
The ordinance provides for a residential buildable area of 56.790 m2 and the construction of 530 homes, of which 159 will be for public protectionThis combination allows us to serve a wide spectrum of demand, from first homes to segments with public support.
Located in the district of LatinaThe area takes advantage of its proximity to Madrid River and its network of parks, as well as road and transport connections that facilitate accessibility from different points in the city.
Residential models and new living room formats
The promoter is considering a product mix that combines the promotion in sale with options in rental and spaces of coliving in the tertiary sector, in accordance with the evolution of demand in Madrid and the need to expand the supply in the middle segment.
The commitment to flex living It seeks to provide flexibility in prices and length of stay, drawing on the operational experience of Dazia Capital in integrated living solutions for different user profiles.
The protagonists of the operation
From Saf Son Group, its CEO and project manager, Francisco Sacchini, values buying and selling as a key driver that accelerates development and establishes Ermita del Santo as a benchmark of urban regeneration in Madrid.
For its part, Daniel MazinCEO Dazia Capital, highlights the strategic location of the area, its green spaces and pedestrian areas, and highlights the company's ability to integrate different types of usefrom residential development to flexible formats.
With this operation, the project moves towards a balanced configuration that It combines housing, tertiary activity and public spaces., strengthening the connection with Madrid Río and focusing on sustainability, friendly mobility and the provision of services for the neighborhood.