• Transaction / Assets
    plot of land in Badalona
  • Seller
    Emesa
  • Buyer
    Habitat
  • € MM
    5

Habitat Acquires Plot of Land in Badalona from Emesa for €5 Million

4 September 2019

Emesa, a real estate firm owned by the Barcelona-based attorney Emilio Cuatrecasas, sold a plot of land in Badalona (Barcelona) to the real estate developer Habitat for about five million euros.

The deal will add a total of 2,300 m2 of surface area and 3,000 m2 of buildable area in the neighbourhood of El Gorg, in Badalona, to Habitat’s portfolio. The company is planning to build forty homes on the land, investing more than thirteen million euros.

The acquisition is part of the company’s strategic plan, where it is currently undertaking more than 43 developments with a total of 3,800 homes.

Original Story: Idealista – Custodio Pareja

Adaptation/Translation: Richard D. K. Turner

 

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