404 Capital (“404”) is a London-based real estate investment firm that identifies supply-starved sectors and builds operational platforms from the ground up.
Our approach is entrepreneurial, technological, and vertically integrated. Every platform we build owns its full value chain — origination, repositioning, and operations — under one roof, capturing the operating margin and aligning our economics directly with our investors'.
First platform: Cuatro Living — boutique flex living for students and young professionals in Spain's leading university cities.
404 is led by Vlad Pent (Founder & CEO) and Alberto García de Novales (CFO & COO).
Vlad brings institutional real estate private equity experience from PineBridge Benson Elliot and Tikehau Capital. Alberto brings sixteen years of Spanish real estate finance and operating experience across listed and private platforms, including VBARE Iberian Properties and Autonomy Capital.
Together: London institutional underwriting, Spanish operating depth.
Cuatro Living ("Cuatro") is the next generation of student and young-professional living in Spain — boutique hospitality, residential at heart. Design-led, boutique-scale residences (typically 70–120 beds) with high-quality finishes and amenities, situated near educational institutions and in well-connected locations across Spain's leading university cities. Operated in-house by Cuatro with a tech-forward operating model.
Our edge: a hyperlocal origination network, a disciplined entry basis, and a distinctive product. All through a dedicated operating platform built from day one — because the brand and the experience are too important to outsource.
We publish worthwhile commentary on Spain's living sector and related demographic trends, the build-out of Cuatro and of 404 itself.
We write from a builder's perspective — rare in the real estate investment world.
