• Transaction / Assets
    plot of land in La Pobla de Vallbona, Valencia
  • Seller
    na
  • Buyer
    Quabit
  • € MM

Quabit Acquires Land in La Pobla de Vallbona for 100-Home Development

15 July 2019 – Richard D. K. Turner

Quabit has acquired a plot with 11,500 buildable square meters of land, where it is planning to build 100 new homes. At the same time, the listed developer has also acquired developable land in Madrid, Guadalajara and Malaga. The developer’s total investment of 21.7 million euros would be enough to build almost 1,000 new homes.

Seven of the plots of land are located in the provinces of Madrid, Guadalajara, and Valencia. Those lands have a buildable area of almost 60,000 square meters, allowing for the construction of about 550 new homes. In addition, it has acquired a building to rehabilitate with 57 homes and more than 5,760 square meters.

Original Story: Valencia Plaza

Photo: Eva Máñez

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