27 March 2019 – Eje Prime
The Town Hall of Madrid has unblocked the urban planning agreement for the management of the buildable land in the Los Berrocales area of the capital. More than 22,000 homes are expected to be built on the site by 2034, half of which will have some kind of public protection (social housing status).
The project will be undertaken in six phases over fifteen years and will involve a total investment of €3 billion. The site, bordered by the M50, M45 and A3 motorways to the southeast of the city, is also expected to include an industrial park spanning 639,057 m2, office space measuring 235,442 m2 and open and green spaces covering more than 2.1 million m2.
Original story: Eje Prime
Translation/Summary: Carmel Drake