Meridia has completed the acquisition of a recently delivered purpose-built flex living asset in Carabanchel, Madrid, from the joint venture between Bain Capital, Momentum REIM and Episode. Opened in April 2025, the property comprises 977 fully-furnished units and more than 30,000 square metres of gross built area. Designed to respond to the growing demand for flexible, high-quality accommodation, it offers a wide range of amenities, including co-working, gym, swimming pool, rooftop terraces, food & beverage areas and communal spaces tailored to modern urban lifestyles.
Located in one of Madrid's fastest-growing residential districts, the asset benefits from excellent connectivity to the city centre and strong demographic fundamentals. Episode, one of Spain's leading specialised flex living operators, will continue to manage the asset, leveraging its extensive experience in delivering high-quality resident experiences and driving operational performance. Carabanchel is one of the most vivid cultural neighborhoods in Spain, and Episode Carabanchel has worked with public and private entities to promote cultural activities and become a promoter of the neighborhood.
The asset was developed by Bain Capital’s Europe Real Estate team in joint venture with Momentum REIM and Episode. It has achieved BREEAM Outstanding certification and received the ASPRIMA-SIMA Award for Best Flex Living Initiative (2026), recognising its residential innovation, sustainability, design, hospitality services and ability to foster community.
Source: press release sent 6 Aug 2026