Habyt Announces Sale of Co-Living Portfolios in France, Portugal and Spain as Part of Strategic Shift Toward Larger Flex-Living Assets

Berlin / Lisbon / Madrid / Paris, May 11, 2026 — Habyt today announces the sale of its co-living portfolios in France, Portugal and Spain to three local operators, covering assets in Paris, Lisbon and Madrid.

The transactions follow the recently announced sale of Habyt’s Asia-Pacific portfolio to Mitsubishi Estate and form part of the company’s broader strategy to focus the Habyt brand on larger, hospitality-led Flex-living properties in its core geographies.

No further financial or property-level details are being disclosed.

The sale marks another step in Habyt’s transition from a distributed co-living operating model toward a more focused, scalable and profitable platform centred on larger Flex assets. Going forward, the Habyt brand will focus on full-building properties with a minimum of approximately 150 apartments, and an average target size of around 300 apartments.

These properties are designed to offer a higher-quality and more consistent living experience, combining serviced apartments with hospitality standards, wellness, F&B, shared amenities and the operational flexibility to include short-stay demand alongside medium- and long-stay residents.

Luca Bovone, Founder and CEO of Habyt, said:

“Co-living is where Habyt started, and it remains an attractive segment. But the model needs to evolve. Managing 300 units across 15 small townhouses is a very different business from operating 300 apartments in one fully amenitised Flex property. The latter gives us stronger control, better service quality, more consistent standards and the ability to build a real hospitality brand.”

He added:

“This transaction is part of a deliberate simplification of our portfolio. Habyt is moving from distributed co-living to larger, hospitality-led Flex assets. That is where we believe the brand is strongest, where the customer experience is better, and where the economics are more scalable.”

Habyt’s strategic focus will remain on its core geographies across DACH and Southern Europe, where the company sees significant demand for high-quality, flexible accommodation in professionally operated buildings.

The company will continue to operate selected co-living assets in specific cities, but not under the Habyt brand. For co-living, the group is adopting a more asset-light and localised model, with a dedicated new brand to be announced soon.

Bovone continued:

“The co-living segment remains attractive, but it requires a lighter, more localised model. Local operators are often better placed to manage smaller, distributed assets, while Habyt can focus its resources on larger buildings where scale, service, amenities and brand really matter.”

The announcement reflects Habyt’s continued effort to simplify the business, reduce operational complexity and build a more profitable platform around larger Flex-living properties. The company’s future Flex properties will be built around apartments rather than rooms, with higher consistency, stronger service standards and a clearer hospitality proposition.

Bovone concluded:

“This is the next stage of maturity for us. Habyt started by helping people access housing more easily. That mission remains. But the way we deliver it is changing: fewer scattered assets, larger buildings, better service, stronger brands and a platform that can scale profitably.”

About Habyt

Habyt is a leading flexible living company offering professionally managed accommodation across Europe. Founded in 2017, Habyt provides modern housing solutions for mobile, international and urban residents.

Following its strategic refocus, Habyt is concentrating on larger, hospitality-led Flex-living properties across its core European markets, combining serviced apartments, amenities and flexible stay formats to create a higher-quality and more consistent living experience.