Solvia To Build 100 Sustainable Homes In Madrid

12 March 2015 – Expansión

Build homes that consume minimal energy and are carefully designed, at an affordable price. That is the goal that has been set for Solvia, the real estate arm of Banco Sabadell and the College of Architects (COAM), with the launch of a competition where Spanish architects will submit their proposals to create the most energy efficient residential development possible. “When COAM suggested this project to us, we looked at which one of our plots (of land) would be the most suitable and economically viable (a construction cost of €600 per square metre has been set) and we chose one in Torrejón de Ardoz with the capacity for up to 100 homes in two phases”, explains Anna Guantar, Innovation Director at Solvia.

The competition has been very successful and the developers have already selected five finalists. “The winner will be chosen this month and will receive €20,000, and if it is economically viable, then the project will be built”, says Pilar Pereda, Head of COAM.

Following the development of these homes, Solvia does not rule out the construction of other homes with zero emissions on foreclosed plots of land.

Original story: Expansión (by R. R.)

Translation: Carmel Drake