• Transaction / Assets
    15,000 m2 of land
  • Seller
  • Buyer
    Gestilar
  • € MM

Gestilar Buys 15,000 m2 of Residential Land in Barcelona

24 October 2018 – Eje Prime

Gestilar is strengthening its commitment to Cataluña. The Spanish property developer has purchased several buildable plots of land in Badalona (Barcelona) measuring 15,644 m2 in total on which to build two new developments containing 130 homes, according to a statement issued by the company.

The project is located on Illa 3 de Marina Badalona and will be developed in two phases: a first, in which 92 homes will be built, and a second, with 38 units. The first development will be called Islas Sagres and will comprise two-, three- and four-bedroom homes. The real estate company plans to hand over the homes in 2021.

Gestilar’s commitment to Cataluña is expanding with this new development in Barcelona’s metropolitan area, the company’s fourth project in the autonomous region. “Cataluña is a market in continuous flux when it comes to real estate assets and there is still a lot of pent-up demand”, said the Director-General of Gestilar, Marta García-Valcárcel.

Before the end of this year, the property developer is going to hand over 150 new homes in Girona and Barcelona. In recent months, the property developer has also acquired new buildable plots in the Barcelona town of Sabadell, as well as in Madrid and Vigo.

Original story: Eje Prime 

Translation: Carmel Drake

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