Kronos Homes Hands Over its First Developments & Invests €2bn in Land

30 January 2019 – Press Release

Kronos Homes, the residential real estate development brand of Kronos, has been consolidating its presence and position in the Iberian market with significant growth in 2018 and strong forecasts for the year ahead.

The company invested €2 billion in total during 2018 and is aiming to reach €2.4 billion in 2019. Of that amount, €700 million corresponds to investment in land in Spain and Portugal, a figure that it intends to increase by another €300 million in 2019 to reach €1 billion in land.

The focus of Kronos Homes continues to be the major cities and provincial capitals across the whole Iberian peninsula. In this way, whilst in 2018, it finished the year with a housing portfolio of 12,000 units across 16 developments, in 2019, it intends to increase that figure by 4,000 units to reach 16,000 homes in total across 24 developments (…).

In addition, in December 2018, the company delivered its first two developments on the Costa del Sol, Nature and Horizonte, located in Alicante and Benalmádena, respectively (…).

Nature and Horizonte are the first developments that Kronos Homes has delivered since it began its activity in the residential sector in Spain in 2015. The forecasts from Kronos Homes indicate that the firm will deliver 500 more homes across five developments during 2019.

Original story: Press Release

Translation: Carmel Drake

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