Núñez i Navarro Invests €25M in Site of Former Metalarte Factory to Build 80 Homes

19 October 2018 – Eje Prime

Núñez i Navarro has not forgotten about its land on the site of the former Metalarte factory. The property developer chaired by Josep Lluís Núñez is going to invest €25 million in the construction of a residential development in the Barcelona municipality of Sant Joan Despí.

The company is planning to build eighty homes, in total, with parking spaces and storerooms in the same property, which will be constructed between this autumn and 2021. 61 of the homes in the development will be private, whilst eleven will be social housing units and seven will be granted to the Town Hall of Sant Joan Despí by the Catalan company.

Núñez i Navarro acquired the former Metalarte factory in 2001. Almost twenty years later, the property developer is recovering the land to build its second residential project in the Barcelonan municipality. The company has just carried out a comprehensive renovation of the farmhouse where the Trias de Bes family used to spend its summer holidays to convert it into a school.

At the moment, the Núñez i Navarro group has twenty-three projects underway, corresponding to an investment of €250 million in Cataluña. Barcelona, Sabadell, L’Hospitalet de Llobregat and Sant Joan Despí are the cities chosen by this unlisted property developer to build 947 homes, two hotels, a co-working centre and 69 commercial premises or offices.

In fact, the company is one of the firms in the sector that has best overcome the crisis, with its low debt policy. Proof of that is the investment effort that it has undertaken in the Catalan region over the last five years, where it has disbursed almost €400 million.

Original story: Eje Prime 

Translation: Carmel Drake