The new business models and labor typologies have had a full impact on the residential real estate sector, that has been able to adapt quickly both to new lifestyles and to the needs of the most disruptive organizations. Created in 2017 and directed by Esteve Almirall in Spain, Node is a pioneering multinational flexible living company, focused on creating the next generation of affordable, temporary accommodation designed for community living.
Headquartered in London and offices in Madrid and Barcelona, Node has extended its accommodation, design and real estate investment model throughout Europe and North America, developing projects in the main cities of Spain, the United Kingdom, Ireland and the United States. There it acquires, co-develops and manages buildings for accommodation that offer multiple services to its residents.
They all lie in strategic locations in the main cities of the countries in which it currently operates, although the company foresees great growth in 2023, since Node plans to reach more than 7,000 beds throughout Europe, which include more than 3,750 units in Spain (distributed between Madrid, Barcelona and Bilbao), with assets under development on a larger scale that will open from 2024.
The co-living model
He flexible living model also known as coliving that Node develops makes each asset have a wide variety of shared spaces, including areas of coworking, living rooms, gym, terrace, paddle tennis courts and lounges. Residents have the opportunity to meet like-minded people and make meaningful connections, while enjoying the convenience of living in a fully equipped residence tailored to their lifestyle. The values of community, service, location and sustainability have another great differential factor in the design of all its assets, since Node guarantees modern, attractive, sophisticated and comfortable environments, collaborating with some of the most cutting-edge studios of the moment, such as the award-winning DesignAgency.
Prior to the co-development and management of its assets, Node intervenes in the acquisition of the real estate assets that it later co-develops with developers such as Momentum REIM and adapts for use. A type of investment that in the first half of 2022 skyrocketed in Spain to 430 million euros, five times more than in the whole of 2021, demonstrating the solidity and consolidation of a new type of real estate investment.
Node’s potential has been evident in various ambitious projects that have already been completed, such as the latest to be delivered, Node Brixton (London, United Kingdom), which has obtained an occupancy rate of more than 80% in its first 3 weeks. Each Node building connects its residents with the energy of the city and the neighborhood where it is located, adding to the standardization the singularity of the destination.
the complex Node Brixton (with three types of residences: studios, one-bedroom apartments and penthouses) is located in an industrial building from 1940, which has been completely renovated to adapt it to its new use, while respecting its origin and personality. For its part, Node Dublin (opened in April 2018), is a benchmark in architecture and design, thanks to the work of the local studio NDBA and the international company DesignAgency, which have made each of its 51 apartments (two and three bedrooms, which vary between 60 and 75m²) spaces as sophisticated as they are functional and comfortable. In Spain, Node has operating projects located in Madrid and Barcelona, “We understand that our residents do not only seek to be connected with their companies, but also with the city where they are going to reside temporarily and with other people in their same situation”Almirall points out.
Node has in Madrid two projects under construction and with prospects of opening in 2024, one in Alcobendas and another in Carabanchel. The first, will rise as the eleventh tallest building in the capital thanks to its 21 floors, which will house 707 temporary accommodation, swimming pool, gym, minimarket, sports courts, barbecue area, gastrotheque, large garden areas and parking spaces. For its part, the Carabanchel complex will add just over 1,000 beds to this Madrid district. “One of our priorities will be to generate social activities that promote the immersion of guests in the community of neighbors of Carabanchel, for this we will promote collaborations with local entities and environmental, cultural and educational activities “concludes Esteve Almirallthe general director of Node in Spain.
