Quabit Invests €14M In Housing Development In Guadalajara

7 September 2016 – Valencia Plaza

Quabit Inmobiliaria has launched a new housing development in Guadalajara, where it will construct 116 social housing flats, involving an investment of €14 million, according to the company.

The company led by Félix Abánades is launching the construction of this new residential project, which will be partly financed by CaixaBank, having already sold 70% of the homes.

With this complex in Guadalajara, Quabit has now launched five residential developments since last year, as it resumes its house development operations as part of its new strategic plan to return to growth after overcoming several years of clean ups.

The new ‘Aguas Vivas’ development in Guadalajara, located five minutes from the city, according to the company, will involve the construction of 116 social housing properties (VPO). The homes will have between two and four bedrooms and will be surrounded by green spaces, a swimming pool and a childrens’ playground. The homes are expected to be ready by the first quarter of 2018.

This residential project comes after Quabit’s launch of four others under the framework of its new strategy, which has seen it also purchase land in Boadilla del Monte (Madrid) and Guadalajara.

The other four developments where the real estate company is current constructing are: a complex of luxury family homes in Boadilla del Monte; another complex, of terraced houses, in Guadalajara; a housing project in Sant Feliú de Llobregat (Barcelona) and a complex on the ‘Casares Green’ golf course in Estepona (Málaga).

According to its strategic plan for 2020, Quabit plans to complete the construction of more than 3,000 new homes before the end of the decade, and expects to generate turnover of €950 million.

Original story: Valencia Plaza

Translation: Carmel Drake