Ibosa & GreenOak Invest €86M In Luxury Housing Tower

28 September 2017 – Expansión

The real estate group Ibosa and the fund Green Oak are promoting a 23-storey tower containing luxury homes in the north of Madrid. Construction work will start at the site at the beginning of 2018 and will involve an investment of €86 million.

The 77m tall ‘Torre Australis’ will be constructed in the north of the capital, in the so-called Isla de Chamartín area. It will be completed by two lower annexe buildings and in total, will house 208 homes, with between one and four bedrooms, with prices ranging between €227,000 and €805,000.

Ibosa and Green Oak have already started to market the homes, whose owners will enjoy some exclusive services.

Moreover, the complex will have shared facilities such as workspaces, a gym, a sports room with spa, a swimming pool, green areas, sports facilities and a children’s playground.

Original story: Expansión

Translation: Carmel Drake