9 January 2019 – Eje Prime
ARC Homes is expanding in Spain. The property developer, which has been present only in Barcelona until now, has created a €50 million fund with the aim of launching residential developments in municipalities with more than 100,000 inhabitants located in different parts of the country.
The company has started its search for land in locations as diverse as Galicia, Asturias, País Vasco, La Rioja, Navarra and Valladolid, according to EFE. To begin with, ARC Homes has already started work on two projects comprising 43 homes in Girona, with a total investment of €14 million.
Currently, the province of Barcelona is the company’s main market given that it accounts for more than eighty homes under development and a portfolio of land for the construction of another 180 units. The company says that it is looking for new buyer profiles such as millennials, who may be interested in assets located in areas connected with large Spanish cities.
Original story: Eje Prime
Translation: Carmel Drake