Exxacon to Build 1,400 Homes in Spain over the Next 3 Years

29 March 2019 – Ali Market

The Marbella-based property developer Exxacon has been unveiling the details of the real estate developments that it is currently working on. In total, Exxacon is building 27 developments comprising terminated, under construction and planned properties.

Highlights include the upcoming Living Colmenar development in Madrid, its first major development outside of the province of Málaga, comprising 156 homes.

Another high profile project is its Urban Litoral development in Málaga, which will be the first building in the autonomous region of Andalucía to comply with the “Passivhaus” construction standards.

According to the firm’s CEO, Elena Cuberos, “Exxacon will double the number of homes being promoted over the next 3 years to 1,400 homes, which represents an investment of more than €400 million”.

Original story: Ali Market 

Translation/Summary: Carmel Drake

Exxacon to Invest €200M in the Construction of 741 Homes in Andalucía & Madrid

28 February 2019 – Eje Prime

Exxacon Smart Living is stepping on the accelerator to expand its business. The Andalucían property developer, specialising in the residential market, is going to invest €200 million over the next four years to build 741 homes, distributed over twelve new developments in Andalucía and Madrid.

Within the coming weeks, the firm is going to unveil Living Colmenar, in Colmenar Viejo (Madrid), its first development outside of the Málaga and Costa del Sol area. The project will receive investment of €32 million for the development of a 156-home residential complex, the largest to be constructed by the company to date.

Exxacon, founded in Marbella in 2000 by Gastón Aigneren, the company’s current CEO and Chairman, is launching its expansion plan for the period 2019-2022, but at the same time will continue studying and considering investment in other markets, such as Valencia and Sevilla, according to sources at the company.

After consolidating its business on the Costa del Sol, the entry of the company into the residential market in the Community of Madrid is the real estate firm’s next challenge. The idea is to begin marketing Living Colmenar, which will have a buildable surface area of 17,400 m2, between March and April, and to start construction at the end of 2019.

The complex is going to be built on a plot acquired by Exxacon on Calle Alvarado in Colmenar Viejo, a municipality located to the north of the Community of Madrid, 39 kilometres from the centre of the capital. Living Colmenar will be a residential complex comprising 156 homes with various shared services, including: three swimming pools, a gym, a padel and fronton court and a children’s playground (…).

Original story: Eje Prime (by Roger Arnau)

Translation: Carmel Drake