Business Update | June 2026 🗞️

404 Capital

404 Capital

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Business Update | June 2026 🗞️
Morning team run in Seville near the Cathedral 🏃. Around 25C at 7.30am.

🔴 Platform & Operations ⚙️

  • June marks our sixth full month of operations — the shift from strategy formation to execution is now firmly underway. The Cuatro Urban Living platform is taking shape.
  • We continue building out our technological processes, including Alpha Maps. We have posted a walk-through video of the AI-based tool on LinkedIn (Link).

🏗️ Investments & Execution 🏢

  • We received new opportunities in June across Madrid, Barcelona, Zaragoza, Salamanca, and Valencia (combined value: ~€100M).
  • The team was on the ground in London, Madrid, Granada and Seville — touring assets, meeting investors and progressing local partnerships.
  • We target off-market opportunities for development/conversion to boutique premium student housing with a flex living component — offices, residential blocks or hotels — of c. 3k sqm in well-connected locations near universities across Spain's leading cities. We aim to build the leading upscale student housing brand in the region.
  • If you have something that fits, drop us a message.

💰 Investor & Network Engagement ☎️

  • We are continuing conversations with potential investors. Feedback on the Cuatro Urban Living strategy has been consistently positive — investors like PBSA, they like Spain, and they want to deploy more capital into the sector.
  • Our strategy has also been featured on Green Street — a further signal of the growing interest in boutique premium student housing in Spain (Link).
  • We are looking to deploy €100M over the next 18 months. We continue building our investor database and welcome introductions to LPs with appetite for boutique student living in Spain.

🌎 July Locations 🧳

  • The team is in London 🇬🇧 the first two weeks of July.
  • From the week of the 13th of July the team will be in Madrid 🇪🇸.
  • Please reach out if you'd like to connect.

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