About Us

vandor. Real Estate Socimi

Vandor Real Estate’s vision is to become a benchmark company in co-living rentals.

Our aim is to support and provide our tenants with a living space which allows them to enjoy an enhanced experience during their stay in one of our buildings.

We know that it will not be a permanent residence. Therefore, through agreements and collaborations with other companies, we can address and resolve many concerns faced by tenants, during their stay with us.

Mr. Pedro Luis Barceló Bou

Chairman / CEO

Mr. Pedro Luis Barcelo holds a degree in Civil Engineering from the Polytechnic University of Catalonia and an MBA degree from IESE (Barcelona). Mr. Barcelo worked for one year at Enron in the underwriting department in London and also worked for two years at Hines in the development of the Diagonal Mar mixed-use project in Barcelona. Later, he spent three years at Hypo Real Estate Bank International focusing on project and corporate loan origination, initially in London and subsequently in Madrid. In 2004, Mr. Barcelo joined Patron Capital, after working with Patron during that year on the refinancing of the Hotel Arts in his role as loan originator at Hypo Real Estate Bank International. Since 2004, he has worked for Patron Capital, in charge ofmanaging Patron’s office in Barcelona.

Mr. Arnau Osorio Mañanas

Member of the Board of Directors

Mr. Arnau Osorio joined Patron (Spain) in August 2014 and focuses primarily on due diligence, financial modelling, execution and market research analysis of investments and new opportunities in Spain. Mr. Osorio began his career at Deloitte, working both in audit and in consulting projects in the Financial Services Industry. After 4 years in Deloitte, he joined Inmobiliaria Colonial, a listed property company with prime offices in Barcelona, Madrid and Paris, where he worked in the Corporate Development and Investor Relations department focused on the analysis of a number of investments and divestments both in Spain and France. Mr. Osorio holds a degree in Business Administration from the Universitat Autònoma de Barcelona and a Master in Corporate Finance & Law from ESADE.

Mr. Shane Edward Law

Member of the Board of Directors

Shane Law joined Patron Capital Partners in 2003, and acts as Patron’s Chief Operating Officer and also focuses on Patron’s corporate investments and related responsibilities. Prior to joining Patron, he spent six years in investment banking, focusing on European mergers and acquisitions, initially at Svenska Handelsbanken and subsequently at Commerzbank Securities. He began his professional career at Ernst & Young, where he spent three years and qualified as a chartered accountant. Mr. Law holds a Bachelor of Science (BSc) degree in Mathematics from the University of Durham.


Since its creation in December 2019, the company has acquired 16 assets, 10 of which are being refurbished in stages, and are therefore currently being managed as both co-living rentals and long-term rentals.

The company is continuously analysing assets, with a pipeline always in excess of 30 buildings.

vanguard student housing


To carry out its activity, Vandor entered into an agreement with Vanguard Student Housing (VSH), the company that currently manages all the buildings acquired by Vandor.

Vanguard Student Housing has its origins in a small student residence in Barcelona with a capacity of 18 beds.

As a result of the experience gained with the management of this residence, and seeing the lack of professional operators in the shared apartment segment, it expanded the product offering with the management of 2 apartments to operate under the shared rental regime for students.

From this point on, VSH changes its model from renting out rooms to management.

They soon reached 20 apartments under management, but thanks to the incorporation of a first building located in Balmes street, the company took an important leap and after this building managed several more, in locations such as Travesera de Gracia, a second building in Balmes street, in Robreño street and several more until reaching a joint portfolio of about 6 buildings.

Thus Vanguard Student Housing becomes the main operator in Barcelona.

In 2019 Patron Capital proposes to Vanguard Student Housing to join experiences to create a JV, and from this agreement will be born Vandor, the SOCIMI that controls the new manager COTWN, Vanguard Student Housing becoming VHS by Cotown.

Cotown, a new innovative and disruptive brand of coliving in Spain that focuses on four fundamental aspects: location, community, comfort and flexibility.

Currently, it already has buildings in Barcelona, Valencia, and Bilbao and will continue its growth in Madrid.

In a context where renting housing is becoming increasingly difficult, COTOWN is positioning itself as a quality alternative, seeking to create spaces more adapted to what the market demands. Technology and wellness are aspects on which the company wants to focus its attention.

This new brand is aimed at young professionals, digital nomads and students, who are looking for the flexibility of an accommodation that allows them to stay for months, and the possibility of changing destination with minimal formalities.

Thus, COTOWN. Seeks to become the national reference brand in temporary accommodation with its #FeelingLocal. A concept designed for its young audience and that proposes to be that neighbor mimicked with the city, living in a newly renovated apartment in the top areas of the city.

business model.

The rental market for mid-stay co-living rentals has been growing over recent years, and it is expected to continue to grow thanks to:

A sustainable increase in the urban population

An increase in the geographic movement of young professionals and students, both nationally and internationally

A cultural change coming from this increase in movement which, in turn, brings a need to lower financial commitments in all aspects, including housing costs.

The company is looking to add value to its buildings by refurbishing and improving the buildings it acquires, to make them more appealing and to provide increased comfort to this tenant profile.