16 March 2018 – Eje Prime
Aedas Homes is following its business plan to the letter and is handing over the first development in its history. The company has obtained its first certification of completion for the Brisas del Arenal development in Jávea (Alicante), a residential project conceived for the second-home market.
The Brisas del Arenal development comprises 64 homes in total with two-, three- and four-bedrooms as well as common areas. After obtaining the official certificate of completion for Brisas del Arenal, Aedas Homes has begun the process to apply for the First Occupancy Licence (LPO), a necessary step before the homes can be handed over.
These 64 homes are going to be the first to be handed over by the property developer in its history and represent an important proportion of the more than 200 units whose keys will be handed over in 2018. 75% of the buyers in Brisas del Arenal are Spanish, with a high presence of people from Valencia and Madrid acquiring holiday homes, and 25% are international, looking for homes for long stays.
In the strategic plan that Aedas presented as part of its stock market debut, the property developer estimated that it would hand over the keys to 1,286 homes over the next two years: 221 homes this year and 1,065 in 2019. Nevertheless, 132 more units have been added to the real estate company’s plans before the end of the first quarter of this year.
Currently, Aedas has 26 projects underway in the five regions of the country in which it has a presence (namely Madrid, Cataluña, Sevilla, the Costa del Sol and Levante&Baleares). By area, the property developer will finish this quarter having laid the first stone of five developments in four of the regions, with the exception of Levante&Baleares, where it will have started six new projects.
Original story: Eje Prime
Translation: Carmel Drake