• Transaction / Assets
    Land in Granada
  • Seller
  • Buyer
    Aedas Homes
  • € MM

Aedas Purchases Land in Granada for 750 Homes

1 February 2019 – Eje Prime

Aedas Homes is expanding its portfolio. The property developer, which specialises in the new build residential market, is strengthening its presence in Granada capital with the acquisition of land for the construction of more than 750 homes in total. The company is thereby adding new assets to its land bank in the city, where it made its debut at the beginning of 2018.

The property developer is going to undertake residential projects in two sectors located in the north and west of Granada. Sergio Gálvez (pictured above), Director of Strategy and Investment at Aedas Homes, highlights that the company has closed these operations after years analysing the evolution of the residential market in Granada.

The new plots of land acquired by Aedas Homes are located in the Ferrocarril Oeste sector. Besides these plots, the company owns land in the Borde Norte N3 sector, an area located on the northern face of the urban nucleus of Granada.

The CEO of Aedas Homes is David Martínez. The company owns a portfolio of land spanning more than 1.5 million m2 for the construction of more than 14,500 homes in key areas of the country, both from an economic and real estate perspective: Madrid and the Central area, Cataluña, Levante and the Balearic Islands, Andalucía and the Costa del Sol.

Original story: Eje Prime

Translation: Carmel Drake