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Neinor & La Llave de Oro to Build 2 Residential Towers in Barcelona

10 October 2018 – Eje Prime

Neinor Homes and La Llave de Oro are joining forces to unblock two projects in Plaza Europa, L’Hospitalet de Llobregat. The property developers have jointly invested €20 million in the construction of two buildings that are going to add a total of 172 new homes to this municipality in Barcelona.

The construction of the buildings is going to be entrusted to Inbisa Construcción, which has already started work, expected to be finished within eighteen months. Neinor is going to develop one of the towers, which will contain 77 homes and which will be added to the development of 91 homes that the company led by Juan Velayos already has under construction in Plaza Europa. Meanwhile, La Llave de Oro will do the same with the second building, which will be 70m tall and will contain 95 homes.

These are two of the few plots that have not been developed yet in Plaza Europa de L’Hospitalet, an area focused primarily on the office market, which was first developed in 2007.

The area’s tenants include companies such as Inbisa, KPMG and GB Foods. Currently, the occupancy rate exceeds 85% with rents ranging between €14/m2/month and €16/m2/month, according to data from Savills Aguirre Newman.

Original story: Eje Prime

Translation: Carmel Drake