7 November 2017 – Eje Prime
Family-owned real estate companies are continuing to fatten up their asset portfolios. In this vein, Aligrupo has just acquired number 13, Calle Francisco Ricci, located in the Madrilenian neighbourhood of Chamberí. Until now, the property was owned by a private investor.
Aligrupo plans to turn the property into a new housing development to meet the growing demand in the area. The building is located next to the ICADE study centre and the El Corte Inglés store on Calle Princesa. The operation has been brokered by the real estate consultancy firm JLL.
It is a residential building that needs renovating and which, given its surface area and layout, lends itself to the construction of homes with space for common areas such as garden areas or a swimming pool.
Original story: Eje Prime
Translation: Carmel Drake