Habitat to Invest €30M to Build 200 More Homes in Sevilla

4 July 2018 – Eje Prime

The Catalan firm Habitat Inmobiliaria is redoubling its commitment in Sevilla. The property developer is going to invest €30 million in a new development in the Andalucían capital comprising 199 homes. To this end, it has acquired land in Mairena del Aljarafe, one of the most rapidly growing areas in the Sevilla residential market, according to a statement from the company.

In total, the real estate company is going to build the homes on a surface area spanning more than 16,000 m2 on a plot with a buildable surface area of 23,922 m2. When the project starts, it will become Habitat’s fifth development in Mairena del Aljarafe.

In addition to Sevilla, the property developer is also present in the Andalucían provinces of Málaga and Córdoba. Currently, Habitat is marketing three residential developments in the autonomous region, where it plans to continue investing soon.

The Catalan company’s new residential project in Mairena del Aljarafe is located in the Bulevares area. The property developer plans to start marketing the first of the project’s two phases during the second half of 2019.

The land purchase in Sevilla forms part of the land investment plan that Habitat has underway to expand its current residential portfolio under development, comprising more than 1,400 homes. The company’s most recent land purchases have been located in Collado Villalba and Móstoles, in Madrid and, in the Entrenúcleos neighbourhood of Dos Hermanas, Sevilla.

The historical firm Habitat Inmobiliaria, founded in 1953, has handed over more than 60,000 properties in its almost seventy years of life. Of the current developments under construction, comprising more than 780 homes, almost 80% have now been sold.

Original story: Eje Prime

Translation: Carmel Drake

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