• Transaction / Assets
    7 plots of land in Madrid, Guadalajara, and Valencia
  • Seller
    na
  • Buyer
    Quabit
  • € MM
    21.7

Quabit Finalises Acquisition of Enough Land to Develop Another 1,000 Homes

10 July 2019 – Richard D. K. Turner

Quabit, a listed developer controlled by the Rayet group, announced that it had acquired 105,000 square meters of buildable land, in a total investment of €21.7 million. The seven plots of land are located in the provinces of Madrid, Guadalajara, and Valencia, and are sufficient to build 550 new homes.

Next to these lands, the firm also acquired another 42,000 square meters of land, enough for 380 homes. Finally, Quabit bought a 5,760-m2 building, which it intends to renovate for another 57 flats.

Original Story: Expansion – Rocío Ruiz

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