GCO Ventures, the corporate venturing arm of GCO (Grupo Catalana Occidente), has unveiled its second venture: Vivara, a start-up focused on providing secure and guaranteed housing rentals for both landlords and tenants. Vivara aims to ensure the peace of mind of small property owners by providing them with solvent and trustworthy tenants, as well as offering quality housing to renters.
Revolutionizing real estate: Mortgage transformation, new business models and home ownership ecosystems
The start-up guarantees landlords timely rent payments and maintenance of the property through comprehensive tenant management, handling all incidents and repairs. Vivara also provides coverage for rent defaults, vandalism, and legal eviction proceedings. Additionally, in the event of tenant termination or contract expiration, Vivara assists in finding a new tenant.
These provisions come at a time of growing concern over rent defaults, with 13.2% of the population experiencing payment delays, according to the Living Conditions Survey (INE). Rental housing has gained market share in Spain, with the number of households living in rental accommodations increasing by 19.25% between 2011 and 2021.
To spearhead this project, Vivara has brought on board Juan Carlos Álvarez, an expert in real estate asset management with over 30 years of experience in the industry. María José Álvarez, CEO of GCO Ventures, emphasizes the importance of projects like Vivara in addressing societal needs and ensuring peace of mind for individuals.
Juan Carlos Álvarez, CEO of Vivara, expresses pride in launching this venture alongside GCO Ventures. Vivara marks the second venture established by GCO Ventures, which aims to drive growth by creating and investing in entrepreneurial endeavors. Through venture building and strategic investments, GCO Ventures seeks to make significant contributions to emerging markets and societal demands.
