Sharing Co grows in flex. The company led by Arco Galán and Jaime Bello is stepping on the accelerator in search of new opportunities for both its investment and management branches and has already committed thirty million of the 300 million investment included in its roadmap for the next five years.

One of the company’s latest moves is the opening of a new coworking space in Malaga, located near Calle Larios, following the opening of its first center in Madrid. Specifically, the center will be located at number two of Atarazanas street, in premises where a bank used to be located, and has 600 square meters and a capacity of 120 people.

Sharing Co expects to open the new coworking facility by the end of September, at the latest, after investing half a million euros in its refurbishment. In this same building, the company acquired last year a floor to install tourist apartments, another of the company’s main business branches.

Currently, the company has close to 200 apartments under management, grouped in floors and entire buildings. “We are releasing the granular business,” says Jaime Bello, who points out that the company is concentrating on the purchase of entire buildings. By year-end, the company estimates to have a portfolio of 250 apartments.

“Sharing Co has close to 200 apartments under management, grouped into floors and entire buildings.”

“We are looking for the capital infusion to be non-intensive, the more trend at zero cost, the better,” Galán explains, describing the company’s buyout strategy, focused on organic growth. “When we have established ourselves in the places where we are present, we will look to grow in other cities,” the company says, pointing to Valencia as the next step in its expansion. “We like it and it is easy for us to see it in the long term,” confesses Bello.

To establish itself in new cities, the company does not rule out corporate operations or the creation of an alliance through a joint venture. “In the medium term, we would like to study international expansion by opening in a European city,” adds Galán.

Currently, the company is in the process of opening two new buildings for mid-stay rentals, one located in Madrid, with 33 apartments, and another in Malaga, with 14 apartments.

As for its investment business, the company has executed 80% of the value-add operations. “With the projects we have, which we need a year and a half to start up, we are looking for core finished product ready to operate or that requires a very quick intervention,” the company adds. By five or six years from now, the company expects to have invested 300 million euros.