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land Market News: Spanish Real Estate Intelligence

Áurea Homes & FS Capital Buy a Plot of Land in Sevilla for the Construction of 40 Homes

11 December 2018 - Press Release

Áurea Homes, a company specialising in property development services, has acquired a new plot in Mairena del Aljarafe (Sevilla) for the construction of 40 homes. The land has a buildable surface area of 5,080 m2 and represents a total investment of €7.5 million for the development of the Áurea Bulevar development, which Áurea Homes is undertaking together with the fund FS Capital.

The development will be distributed over two 6-storey blocks, containing homes with two-, three- and four-bedroom homes. The staggered layout of the blocks towards the south means that all of the homes in the development will have attractive terraces. The complex will also include parking spaces and storerooms, as well as extensive common areas, including a large swimming pool. Áurea Bulevar will be completed with a large commercial premise measuring 800 m2.

This residential complex has a privileged orientation overlooking the new boulevard area in Mairena del Aljarafe, a town that forms part of the metropolitan area of Sevilla and which is experiencing a great urban planning boost with the arrival of new tenants.

The municipality is widely consolidated, with numerous parks and gardens, spanning a total green area of around 500,000 m2 and with several protected spaces. Moreover, the new neighbourhoods are distinguished by their wide avenues, numerous recreation areas and excellent sporting and cultural facilities.

Mairena del Aljarafe is well connected with the city of Sevilla through the metro and several bus routes, which make it one of the most attractive areas for housing in Sevilla.

Second operation in Andalucía

This is Áurea Homes’ second operation in Andalucía, which is focusing on the Sevilla area for the time being. The company’s total investment in Mairena del Aljarafe amounts to €38.1 million for the construction of 197 homes in several developments, 109 of them will be multi-family and 88 will be single-family.

Original story: Press Release

Translation: Carmel Drake

 
Temprano Capital Partners Acquires Plot in Sevilla for Student Halls

5 December 2018 - Press Release

During November 2018, Temprano Capital Partners, in a joint venture with CPA®:18 – Global and Helena Rivero, acquired a prime, city centre site in Sevilla to undertake the development of a premium student residence, to form part of the TSL programme in Iberia.

TSL is currently developing 5 projects in Spain and 3 in Portugal, together with the residence in Marques de Pombal, Lisbon, which was inaugurated in January this year. The TSL programme now amounts to 3,500 beds in Iberia.

The City of Sevilla is renowned, internationally, for its unique university atmosphere, with over 80,000 full-time students, approximately 4% of whom are from outside of Spain, a percentage that is increasing annually, given the popularity of interchange programmes, such as Erasmus and European funding initiatives.

Sevilla houses multiple further education facilities, with faculties spread throughout the city centre, including the University of Sevilla, University Pablo Olavide, the International University of Andalucía UNIA Cartuja, University Loyola Andalucía and CEU San Pablo Andalucía Bormujos, in addition to multiple language academies and institutes, such as the Spanish American Institute. Sevilla has a prestigious international status, offering a wide range of courses, and qualifications in all fields of study.

Sevilla also offers students a unique, historic environment with rich culture and multiple leisure and sports options. The site acquired is located on Calle Genaro Parlade to the south of the city centre in the “El Porvenir” neighbourhood. This area of the city is exceptionally well located for students with respect to the city centre and main university campuses – by foot, by bicycle or by public transport. The site was previously used by the Antares Sports and Social Club, which recently relocated to modern facilities in central Seville. The proposed project will result in a significant urban regeneration for both the local neighborhood and the City of Sevilla.

The project, which is currently in the design phase, will provide 505 premium studios in a building measuring 15,200 sqm. The studios will be delivered with high-quality designs and finishes, with fully fitted in-room kitchens; individual, ensuite bathrooms; high speed WI-FI connections and televisions. Furthermore, the Project will offer multiple services and on-site amenities such as a fully equipped gymnasium, swimming pool, lounge, party rooms, cinema, laundry, library and study rooms. Extensive exterior areas for the students along with 24/7 concierge service are also envisaged and all included in the rent (...).

Temprano Capital Partners (Temprano) is a private European real estate investor and developer created in 2013. It is led by Neil Jones and James Preston and its current tactical focus is the Iberian market (Spain & Portugal) (...).

Original story: Press Release

Edited by: Carmel Drake

 
Aedas Homes Buys Land in Granada on which to Build 600 Homes

6 December 2018 - Eje Prime

Aedas is expanding its presence in Andalucía. The listed Spanish property developer has purchased land in Granada, on which it is going to build 600 homes over the coming years. The plots are located in two expansion areas of the Nasrid capital, according to a statement issued by the company.

The property developer is going to start work on the construction of the first homes during the first quarter of 2019, within the West Railway area, an urban development where construction has been suspended for more than a decade. Now, the Town Hall has unblocked the land and the company is working on its urbanisation.

The other plot of land acquired by Aedas in Granada is located in the so-called North Rim N3, an area to the north of the urban nucleus of the capital, where the property developer has the objective of starting the urbanisation project next summer.

Recently, the company began the sale of its sixth development in Sevilla and Málaga capital, where it made its debut with 87 new homes in the Teatinos neighbourhood, one of the trendy areas of the Málagan region.

Aedas owns a portfolio of finalist land spanning more than 1.5 million m2 for the construction of more than 14,500 homes across the country, in the Central region as well as in Cataluña, Levante, the Balearic Islands and Andalucía.

Original story: Eje Prime

Translation: Carmel Drake