Mexican Firm Terralpa to Invest €250M in Spain over 3 Years
8 April 2019 – Eje Prime
Terralpa Investments is planning to invest €250 million in Spain over the next three years. The group, owned by the Mexican magnate Rodrigo Lebois (Unifin) and José Ramón Liñero (Terrafondo), is planning to focus its activity in Madrid, but is also interested in investing in other provincial capitals and internationally recognised cities across the country, such as Ibiza and Marbella.
The group completed its first operation in Spain in 2017 through the company Aralpa Inversiones, when it acquired the building located at number 11 Plaza del Marqués in the Salamanca neighbourhood of Madrid for almost €50 million.
As a result of that project, Terralpa Investments was created in February 2019, to focus on the development and renovation of prime homes. It is already working on its first operation, the purchase of number 5 Calle Monte Esquinza, in Madrid, for €14 million. That building contains twelve homes and the plan is to renovate the property in its entirety, starting this summer ready for delivery at the beginning of 2021.
Original story: Eje Prime (by Marta Casado Pla)
Translation/Summary: Carmel Drake