• Transaction / Assets
    22,000 m2 plot in Las Palmas de Gran Canaria
  • Seller
  • Buyer
    Habitat Inmobiliaria
  • € MM

Habitat Buys Land for 196 Homes in Las Palmas de Gran Canaria

31 January 2019 – La Vanguardia

Habitat Inmobiliaria has purchased land with a buildable surface area of 22,000 m2 in Las Palmas de Gran Canaria, where it is planning to build two developments comprising 196 homes in total, in which it is going to invest €45 million.

The company, which carried out 27 land purchase operations during the course of 2018, spanning 170,000 m2, is now looking to develop around 2,500 homes, in which it is going to invest more than €515 million.

These operations form part of the company’s strategic plan, which will involve an investment of €500 million by 2021, and which will involve a delivery rate of more than 2,000 homes per year from 2021 onwards, according to figures from the property developer.

With all of this, as well as its presence in Andalucía, Levante, Cataluña, Madrid and the Canary Islands, in 2018, the firm incorporated new regions into its portfolio with plots in Cantabria, Asturias and Galicia (…).

Original story: La Vanguardia 

Translation: Carmel Drake

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