31 October 2018 – Eje Prime
Habitat Inmobiliaria is continuing to squeeze its land in Valencia. The Spanish property developer, owned by the fund Bain Capital, has started marketing 124 homes in the provincial capital, through which it will expand its presence in a community that the company considers to be strategic for its growth plan.
The company led by José Carlos Saz has launched two projects onto the market: Habitat Malilla Parque, with 56 homes, and Habitat Las Moreras, comprising 68 flats. These developments follow three others that are already being marketed by the real estate company.
So far this year, the property developer has invested around €70 million in the purchase of land and is working on operations on which it is planning to spend another €50 million over the coming months. The company’s objective for 2018 is to invest more than €120 million to expand its portfolio of buildable land in Spain.
Habitat currently has a €500 million land investment plan underway, spanning the next three years. The property developer intends to hand over more than 2,000 home each year from 2021. In 2018 alone, the real estate company has acquired 16 plots all over Spain (Madrid, Sevilla, Valencia, Cantabria and the Canary Islands), and has whereby incorporated 200,000 m2 into its land bank for new developments.
Original story: Eje Prime
Translation: Carmel Drake