Ibosa Looks Set to Acquire Prime Land in Central Madrid from Iberdrola

30 October 2019 According to market sources, Iberdrola has chosen to sell one of the last major plots of land available within Madrid’s M-30 ring road to the Spanish developer Ibosa.

The plot of land is located on the corner of Calle Mayor Sáinz de Baranda with Juan Esplandiú, in Retiro, and once housed an electrical substation. The land will reportedly go for around 24 million euros, just under 3,000 euros per square meter of constructed surface area.

The land measures ​​1,337 square meters and has a buildable area of ​​8,500 square meters, enough for roughly 80 flats.

Original Story: El Economista – Alba Brualla

Adaptation/Translation: Richard D. K. Turner

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