Vía Célere Invested €227M in 2017 Buying 473,000 m2 of Land

5 February 2018 – Eje Prime

The property developer led by Juan Antonio Gómez-Pintado accelerated its pace in 2017. By the end of the year, Vía Célere had invested in land purchases amounting to €227 million, whereby increasing the surface area of the company’s buildable land portfolio by 473,000 m2.

With its stock market debut looming, the company also closed some high-profile corporate operations last year, such as the integration of Dos Puntos into the group, in which the US fund Värde Partners has held a stake for a year, and the carve-out of its property business.

Vía Célere’s portfolio of land for residential construction now spans 1.43 million m2. With these plots, the property developer has the capacity to build 12,200 homes in Spain over the next few years.

The most recent purchases made by the real estate company in this field were in Barcelona, A Coruña and Ibiza. The investment on the White Island was the first to be made by the company in that area of the Balearics.

By region, besides the provinces already mentioned, Vía Célere closed land purchase operations in 2017 in provinces such as Madrid, Sevilla, Valladolid and Girona. During the course of its ten-year life, Vía Célere has handed over more than 2,300 homes, a figure that, in light of the business plan launched, it is seeking to increase to 10,000 units over the next two years.

Original story: Eje Prime 

Translation: Carmel Drake

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