Tag: garden flats

Aedas Expands into Torrejón de Ardoz (Madrid) with 100 New Homes

2 July 2018 – Eje Prime

Aedas Homes is extending its tentacles in Madrid and has reached Torrejón de Ardoz with its first residential project. The listed property developer is going to develop 100 homes in that municipality, which will constitute the Lángara urbanisation.

The homes, which include ground floor garden flats and penthouses with two, three and four bedrooms, have already gone on the market with prices starting at €165,000. The promotion will have a garden, a swimming pool, a gym, a children’s play area and a lounge bar in the common areas.

Lángara is designed for both first-time buyers and those looking to reposition themselves on the property ladder, according to Aedas. With more than 1.5 million m2 of buildable land in its portfolio, the property developer still has space to develop around 14,000 homes in Madrid, Cataluña, Sevilla, Costa del Sol, Levante and the Balearic Islands.

The plans of Aedas, in which the US fund Castlelake holds a stake, include reaching a handover rate that exceeds the number of homes under construction by 2022. The company led by David Martínez wants to achieve the break-even point after launching more than 2,000 homes this year: 2,500 in 2019 and peaking with 3,000 homes in 2020 and 2021.

Original story: Eje Prime

Translation: Carmel Drake

Work Begins At Pryconsa’s Luxury Housing Development In Madrid

14 December 2015 – El Mundo

The details of one of the most iconic, exclusive and eagerly-awaited residential projects in Madrid have finally been revealed: the development that Pryconsa is undertaking on the 15,000 m2 plot of land that previously housed RTVE’s Buñuel Studios and which the Madrilenian based property developer acquired in November last year for €35.27 million.

It is a prime location, at number 5 on Avenida de Burgos, next to Paseo de la Habana, the best area in the district of Chamartín, surrounded by parks and gardens and just a stone’s throw away from hot spots such as the Chamartín train station, Plaza de Castilla and the Cuatro Torres.

In tribute to the great Aragonese filmmaker, who has lent his name to the studios for decades, the project has been named, in part, after his home town: Calanda Homes. The property development will contain 89 three- to five-bedroom homes, and will measure between 163 m2 and 218 m2. It will include different types of properties, such as flats (all with large terraces), ground floor flats with gardens and penthouse apartments with terraces of between 117 m2 and 165 m2. The homes will be distributed across two four-storey buildings, 35 m apart and located within a huge urbanisation containing gardens, a (Munich style) swimming pool, padel court and gym, amongst other features.

The project will be developed in two phases. During the first phase, the marketing of which has just begun, prices will start at €808,000 and go up to €1.8 million. Work to demolish the old television studios began last Wednesday, and if construction proceeds according to plan, then the property developer will hand over the keys to the homes in the first phase in June 2018.

Sales success

“During the first few days, almost 50% of the first phase that we are currently marketing has been reserved”, said José León, CEO of the company. (…).

Original story: El Mundo (by Luis M. De Ciria)

Translation: Carmel Drake