• Transaction / Assets
    Plot of land
  • Seller
  • Buyer
    Town Hall of Madrid
  • € MM

Town Hall of Madrid Buys a Plot of Land in Barajas to Build Social Housing

2 March 2020 – Inés

At its most recent Government meeting, held on Thursday, the Town Hall of Madrid approved the disbursement of €1.6 million to acquire a plot of land for the construction of social housing through a public-private partnership, according to reports from the Town Hall itself.

The fair value of the land, located on Calle Medina de Pomar in the Barajas neighbourhood, close to the airport, was set by the Territorial Panel for Forced Expropriation. Thanks to it, the plots on which the Area for Urban Development proposes an urban transformation are being completed to improve the quality of life of local residents.

Original Story: Inés

Translation/Summary: Carmel Drake