Inèdit finalizes its expansion after taking hold in Barcelona

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Inèdit continues to successful growth.

Rental apartment manager, Inèdit, has grown 35% in 2019 and already has 150 rooms in the Catalan capital and with the integrated management of 10 buildings.

The manager of rental apartments in Barcelona, ​​directed and founded by Laia Comas, has reached 150 managed rooms in 2019. The company has billed 750,000 euros in 2019, compared to half a million billed in 2018. After the expansion of the offer, the company continues to maintain the occupation at 97%.

The company had started a round of financing in early 2019, but they never closed it. Comas explained that finally it did not need more financing to continue growing, but that the company has done it organically.

Inèdit has based its business model on rental management, but also offers landlords full management of the building. With this model the company is responsible for possible reforms, purchase of furniture and its commercialization, in exchange for 15% of the total income of the property.

Inèdit's apartments are concentrated in the center of Barcelona, ​​in the neighborhoods of Gracia, l’Eixample, the Gòtic and Sant Gervasi. Even so, the company also has rooms in other areas of Barcelona such as Poblenou. By 2021 the company plans to expand in the metropolitan area of ​​Barcelona, ​​at points such as Badalona, ​​Castelldefels, Sant Cugat, Cerdanyola and L'Hospitalet.

The company also has expansion plans outside of Barcelona and they hope to establish themselves in Madrid by 2021 with the management of between twenty and thirty rooms. To do this, Inèdit plans to create a delegation in the capital to continue managing all assets directly. They are also studying international expansion with new assets in Lisbon.

Currently the company has individual rooms between 12 and 14 square meters with an average cost of 650 euros per month. Although they also offer shared rooms for 450 euros per person.

The company's client has an international profile, between 20 and 30 years old, although they are increasingly expanding their range to a larger audience. Tenants are usually students or professionals who come to Barcelona to pursue a specialization.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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