Aquila Capital & Momentum Reim Join Forces To Build Homes In Barcelona
20 September 2017 – El Mundo
The investment fund Aquila Capital and the property developer Momentum Reim have reached an agreement to jointly develop residential projects in Barcelona. The first investment as a result of this partnership has involved the acquisition of 13,000 m2 of buildable land in an area known as La Catalana, in Sant Adrià de Besòs, for the construction of 120 homes.
This residential project is located 600m from Port Forum beach and one kilometre away from Diagonal Mar, in a very good location thanks to La Ronda and public transport links (Tranvía and Metro).
The future development (www.jardinsdelforum.com) will contain two-, three- and four-bedroom homes, with double orientation for better ventilation and large terraces. The master bedroom in each home will have a dressing room and ensuite bathroom, and there will be a communal area with a solarium and pool on the roof.
Aquila Capital is headquartered in Hamburg and currently manages investments amounting to more than €6,000 million around the world. It is one of the most active institutional investors in the real estate sector in Spain, where it is currently constructing more than 1,500 homes, as well as several hotels, in Madrid and Barcelona, with various local partners.
Meanwhile, Momentum Reim is currently building more than 1,200 homes, worth more than €500 million, from its offices in Madrid, Málaga and Barcelona.
Original story: El Mundo
Translation: Carmel Drake