Villar Mir Seeks Partners to Develop Inmobiliaria Espacio’s Land Portfolio

23 April 2019 – Idealista

The Villar Mir Group is looking for partners to inject capital into the development of the land owned by its subsidiary Inmobiliaria Espacio. The firm is going to put a portfolio of assets worth between €250 million and €300 million on the market. Its aim is to continue as the minority shareholder of the developments or to carry out the development of each promotion.

The plots of land are located all over Spain, including in Madrid (Valdebebas, Pozuelo de Alarcón and Alcorcón), Murcia, La Línea de la Concepción and Algeciras (Cádiz), Marbella (Málaga), San Juan (Alicante), Almería, Mallorca and Valencia. At the end of 2017, the plots were worth €256.9 million.

Original story: Idealista 

Translation/Summary: Carmel Drake

86