Town Hall of Madrid Approves Construction of 400 Homes on Land near Barajas

3 May 2018 – Eje Prime

The Town Hall of Madrid is promoting housing in the city. On Thursday, the Town Hall approved plans that will result in the construction of 400 homes, green spaces and other facilities on land owned by Iberia. The plots span a surface area of 54,600 m2 and are located in the district of Barajas, to the south of the Adolfo Suárez Madrid-Barajas airport; they are currently home to some warehouses, owned by the airline.

This land is going to be urbanised by Iberia so that it can be used for the construction of around 400 new homes, green spaces, other tertiary-use buildings and a private facility. The budget for the urbanisation work amounts to €5.1 million and the execution period is nine months.

Specifically, the plans involve eight plots spanning 54,600 m2, of which 23,507 m2 are destined for residential, tertiary and private facility use, whilst 31,093 m2 are earmarked for public use, including for green spaces, road networks, parking and facilities.

The Town Hall approved this project after the Ministry of Development announced an urban development macro-plan on some of Aena’s plots close to the airport, where hotels, logistics centres and offices are going to be built.

Original story: Eje Prime

Translation: Carmel Drake

Inbisa is Building 35 Homes for Banco Sabadell in Barcelona

1 March 2018 – Eje Prime

More homes for Inbisa in Barcelona. The construction arm of the real estate group has started building a new residential development comprising 35 homes in the north of the Catalan capital. The company is going to work for Sabadell Real Estate Development, a subsidiary of Banco Sabadell, on this project. The firm’s investment in this construction work will amount to €4 million, with an execution period of 18 months.

The complex, located on the Ribes road, spans a total surface area of 5,300 m2 and, besides the two residential buildings, is going to include a commercial space and parking spaces. The apartments will measure up to 150 m2 each and have two, three or four bedrooms.

The marketing of the building will be carried out by Solvia, the servicer of Sabadell, with whom it has been working on another project in Madrid for several months now. Innova Torrejón, a residential development comprising 92 homes has been designed with criteria that will allow it to reduce its energy consumption to almost zero.

This new real estate operation strengthens Inbisa’s presence in Barcelona, where it started work on an 88-home development in Ripollet a few weeks ago. Currently, the group has 2,400 homes under construction across Spain, consolidating the company’s “desire to grow and specialise in the residential segment”, according to Gonzalo Mínguez, Inbisa’s Contract Director for the Eastern region.

Original story: Eje Prime

Translation: Carmel Drake