27 September 2017 – Eje Prime
Insur and Anida, the real estate subsidiary of BBVA, are continuing to make progress with their joint business. Desarrollos Metropolitanos del Sur (DMS), the company constituted by the two companies, has started to market and construct the second phase of Selecta Arquímedes, located in the Entrenúcleos project, in Sevilla. The property developers will invest €31 million in these two initial projects, which mark the revitalisation of the area in the context of the real estate recovery.
In October, construction of this new development of 61 family homes is expected to begin. The developments, which form part of the residential project Sevilla Selecta Entrenúcleos, will start their journey with an open doors event, to be held this Thursday, Friday and Saturday, when interested parties can visit the show home.
DMS states that it has carried out the development of these new family homes given the success of the sale of the first development, Selecta Rodas, where it is building 54 family homes, which are expected to be completed by the end of 2018.
Selecta Entrenúcleos spans a buildable area of 292,726 m2, which will include, during the course of the various phases, 2,434 homes and retail space, comprising the most important real estate project in the Sevilla metropolitan area.
Original story: Eje Prime
Translation: Carmel Drake