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Sabadell to Invest 150 Million Euros & Construct 1.182 Houses Within Demand Upturn Areas

Banco Sabadell does not want to miss the business opportunity detected within the vast awarded land portfolio it disposes of all over the country. Despite the huge number of flats it still shall sell, the entity has decided to run 44 developments on its property plots situated in the areas with sufficient demand (…).

In total, the 44 developments will lay the foundation for 1.182 houses fueled by an amount of 150 million Euros. All the developments will be carried out by the bank itself, through its real estate company Solvia.

The dwellings will be built on the plots located in urban areas and districts with clear demand (…) and in the cities where the housing prices per square meter has been consecutively climbing up in last 2-3 quarters, such as Cerdanyola del Vallès, Calvià (Majorca) and Murcia.

Source: Expansión