21 September 2017 – Expansión
Vía Célere, the real estate company acquired by the fund Värde Partners in February, has completed a new land purchase. Specifically, the property developer led by Juan Antonio Gómez-Pintado has bought three new plots of land, located in Getafe (Madrid), Sevilla and Valladolid, for a combined total of €36.1 million.
The greatest investment has been made in the Andalucían capital, where Vía Célere has acquired 150,000 m2 of buildable land, which will allow it to construct 1,700 family homes. It has spent €26.5 million on those plots.
In the case of Madrid, Vía Célere has paid €7.6 million for 21,000 m2 in Getafe, with the aim of building 158 family homes, whilst in Valladolid, the company has bought 4,400 m2 of land, for €2 million, where it will construct up to 39 homes.
With these latest purchases, Vía Célere has now spent €130 million buying up land in 2017, which has allowed it to expand its portfolio by almost 400,000 m2. Currently, the real estate company backed by Värde owns around 1.35 million m2 of residential land, making it one of the largest owners of this kind of asset in Spain.
Original story: Expansión (by Rocío Ruiz)
Translation: Carmel Drake