16 August 2019
Villar Mir, through its subsidiary real estate company Espacio, is planning to build a portfolio of office buildings. The firm’s strategy includes development of acquisition of existing assets for rehabilitation and the development of new buildings.
Villar Mir has a land bank valued at 220 million euros on which it intends to build office buildings. The company’s objective is to create a cash flow that will provide it will a secure position during the coming economic cycle.
The group’s first project will be a turnkey development on a 25,000-square-meter plot of land it owns in Valdebebas, Madrid.
Original Story: Eje Prime
Adaptation/Translation: Richard D. K. Turner