• Transaction / Assets
    1,278 m2 residential plot (Madrid)
  • Seller
  • Buyer
    Habitat Inmobiliaria
  • € MM
    8.5

Habitat Buys 1,278m2 Residential Plot in El Cañaveral (Madrid)

17 July 2018 – Habitat Inmobiliaria

Habitat Inmobiliaria, the company dedicated to the development and construction of residential projects, has signed the acquisition of a plot of land measuring 1,278 m2 in the neighbourhood of El Cañaveral in Madrid. On the plot, which has a buildable surface area of 4,100 m2, a new residential development is going to be constructed containing 41 homes. The total planned investment in the project amounts to around €8.5 million.

The new development will comprise 41 homes with storerooms and 62 parking spaces and will also have green space, a swimming pool and common areas. Marketing of this new real estate development will begin in the first quarter of 2019.

The future urbanisation is located within the new El Cañaveral neighbourhood, in the municipality of Madrid. El Cañaveral is located between the neighbourhood of Vicálvaro in Madrid and Coslada, and has excellent access to the M-45 and R-3 motorways, which allows its residents to travel to the centre of Madrid by car in just 20 minutes. Moreover, it is close to the Renfe stations of Coslada and Vicálvaro.

Specifically, the plot where the development is going to be constructed is located on Calle María Pita, in an area that is seeing a great deal of urban development and where all of the necessary amenities are being planned, such as schools, nurseries, a doctors’ surgery, shopping centres and supermarkets.

This operation forms part of the land acquisition plan that the company has launched and that in recent months has seen it purchase plots in Collado Villalba and Móstoles, both in Madrid. In total, the company has more than 1,400 homes under development, as well as one of the most significant land banks in Spain, which is being strengthened by new additions.

Original story: Habitat Inmobiliaria

Translation: Carmel Drake

115