Insur To Invest €135M Building New Homes In Madrid

25 November 2016 – Expansión

The real estate group Insur is planning to invest around €135 million on the development of new homes in Madrid over the next three or four years. These homes will be constructed on land that the company has already acquired in the capital, according to comments made by the firm’s Chairman, Ricardo Pumar.

The real estate market in the capital, along with the Costa del Sol, constitutes Insur’s “major focus” for the geographical diversification of its business, which until now, has been centred in the south of the country.

Insur will take a step forward in its diversification strategy to grow in Madrid, which is a “more competitive, but safer market”, said Insur’s Chairman. To this end, the company has invested around €45 million buying plots of land in the capital.

Original story: Expansión

Translation: Carmel Drake

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