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residential Market News: Spanish Real Estate Intelligence

Gestilar Buys a Plot spanning more than 4,000 m2 in Pozuelo

The property developer Gestilar has increased its portfolio with the purchase of a plot of land spanning 4,000 square metres near the Cercanías (suburban train) station in Pozuelo de Alarcón (Madrid). The company plans to build 50 homes on the site.

Apart from this purchase, the company also has acquired land in Pontevendra. Gestilar is in the process of launching 1,300 homes this year and has land to construct another 1,000. 

 
Avantespacia Buys Land in Málaga and Granollers to Build more than 80 Homes

Avantespacia, the real estate arm of Inveravante – the business group of the ex-owner of Fadesa, Manuel Jove – is continuing to expand its portfolio through the acquisition of two new plots of land, in Málaga and Granollers. This follows the company's purchase of a plot of land in Pamplona last month, where it is going to build 72 homes.

The land in Málaga, acquired from Aliseda, is located in the Perchel neighbourhood of the city. It has a surface area of 758 square metres and a development potential of 3,551 square metres for the construction of 40 homes.          

 
Christian Hannover and Single Home to Create a luxury development with Wellington

The Columbian investment company Logika European Partners, in which the aristocrat Christian Hannover holds a stake, is finalising a deal with the specialist luxury property developer Single Home to acquire Núñez de Balboa 3, according to El Confidencial.

The company Global Bordino, owned by Single Home, and whose managing director is Single Home’s board member Fernando Taub Medina, reportedly signed an option to buy the real estate asset at the end of 2019.