The real estate manager appoints Rosa Gallego as the new partner and CEO, and Gabriel Izquierdo as the new Director of Investments. The company announces a growth plan to expand its presence across the country.
Q Living Real Estate is making changes in its management. The real estate manager, specialized in the development of affordable rental housing, has restructured its executive team. Rosa Gallego has been appointed as partner and new CEO of the company, while Gabriel Izquierdo takes on the role of Director of Investments.
The announcement coincides with the formalization of the second major operation under the new leadership: the acquisition of a development of 88 protected official housing (VPO) units in the municipality of Derio, on the outskirts of Bilbao. This project is part of a collaboration with the Basque Government to enhance access to affordable housing in the region. With this operation, the company has reached a total of 1,500 homes developed under the build-to-rent (BTR) model in Spain.
New team, new momentum
Rosa Gallego, who previously served as the Director of Operations at Q Living, has over 25 years of experience in the real estate sector, both nationally and internationally. She is also a collaborative professor at the Polytechnic University of Madrid and an advisor to the housing committee of Asprima, as well as a board member of the Real Estate Circle.
On his part, Gabriel Izquierdo, the new Director of Investments, has managed over 500 million euros in investments in residential and commercial real estate assets in Spain throughout his career.
Q Living is also looking to diversify its portfolio with a potential entry into the concessions and surface rights sector.
According to the company, the new management team has launched a strategic plan aimed at expanding Q Living’s presence across Spain. While activities have so far been concentrated in Madrid and the Basque Country, the company seeks to explore new markets with the goal of establishing itself as a benchmark in the development of new-build build-to-rent projects.
Among the pillars of this plan is the creation of new real estate funds and platforms to attract institutional investors, both national and international. The company is also exploring portfolio diversification with a potential entry into the concessions and surface rights sector, in collaboration with public administrations.
VPO in Bilbao
The acquisition in Derio adds to a previous operation in Zorrotzaurre, also in Bilbao, where the company is developing 143 protected official housing units. Both projects exemplify public-private collaboration, ensuring that the homes will maintain rents below market rates for 50 years.
This project is being driven by the Basque developer Construcciones Sukia and is expected to be operational in the first half of 2027. Specifically, the development will feature 88 sustainable protected homes, partially industrialized, consisting of one- and two-bedroom units, along with 125 parking spaces, 88 storage units, and 2 commercial premises.
