Meridia Capital Partners acquires a majority stake in Caterina House Property Management to strengthen its position in Spain's corporate residential sector, which is poised for significant growth.

Information on the Target

Meridia Capital Partners, SGEIC, S.A. ('Meridia'), through its investment vehicle Meridia IV, has acquired a majority stake in Caterina House Property Management ('Caterina'), a company specializing in corporate apartment rentals. The acquisition serves two main objectives: first, to invest in a scalable program within Spain's residential sector, and second, to support Caterina's expansion efforts as it manages operations across its portfolio. Currently, Caterina oversees 16 residential buildings owned by various landlords in key business districts of Madrid, Barcelona, and Málaga. The company aims to establish itself as a leading operator and a trusted management solution for residential building owners.

Caterina was founded in 2021 by Manuel Vidal-Quadras and a team of managing partners, who will remain at the helm of operations. The company offers housing solutions tailored for professionals engaged in medium-term assignments or relocations to economically vibrant cities. By providing fully furnished homes in prime locations alongside exceptional service, Caterina enhances tenant satisfaction, ensures effective asset maintenance, reduces operational costs, and maximizes profitability.

Industry Overview in Spain

The corporate residential sector in Spain is an emerging alternative segment catering to the growing demand for medium-term housing solutions among professionals. This sector's relevance has increased significantly due to the ri