Proyme Buys Land from Sareb & Starts Construction at 4 Sites in Valencia

13 February 2019 – Valencia Plaza

Four residential buildings as it starts out life as a property developer. They are the figures with which the firm iHomes Urban Life is being created. It belongs to the company Proyme Grupo Gestión. The group, whose trajectory has focused exclusively on construction, decided to take advantage of the change in the cycle to develop residential projects.

Three of its projects are located in the city of Valencia and the fourth in Quart de Poblet. The largest of them is the latter, where 60 homes are being constructed in La Plaza San Rafael in the town of l’Horta Oest, on a plot acquired from Sareb. The smallest, known as Residencial Jardins del Botánic, will have 10 homes at number 16 Calle Turia.

The two remaining sites, which are both in the construction phase, are located on Avenida Primado Reig in the Valencian capital, specifically at number 136, with project Nexo Residencial, comprising 16 homes on a plot also purchased from the bad bank; and another 30 units at number 40, with project Alfa Residencial, on a larger plot before the tunnel that links to Peset Aleixandre.

According to explanations provided by sources at the group, which is originally from Algient and administered by Juan Bautista Pelufo Gayà, it is a family business with 30 years of experience, currently managed by the second generation and strengthened with personnel from other property developers (…).

Original story: Valencia Plaza (by Dani Valero)

Translation: Carmel Drake

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