Madrid Puts 26 Municipal Plots up for Sale for the Construction of 2,000 Affordable Rental Homes

These public plots, which span a buildable surface area of 151,651 square metres, will allow for the construction of more than 2,000 affordable rental homes.

Madrid City Council’s Urban Development team is going to put out to tender a total of 26 municipal plots, grouped into five lots on the basis of their building characteristics and locations for award under the land rights regime. These public plots will allow for the construction of more than 2,000 affordable rental homes, according to reports from idealista/news.

“It is the first time that a public administration in Spain is going to intervene in the rental market like this, which will contribute to a decrease in prices”, say sources from the Urban Development team. In total, the plots span a buildable surface area of 151,651 square metres and are distributed in 11 districts: Arganzuela, Carabanchel, Ciudad Lineal, Fuencarral-El Pardo, Hortaleza, Latina, Moncloa-Aravaca, Retiro, Villaverde, San Blas-Canillejas and Usera.

A Team of Inspectors will Reactivate Inspections & Licences in Madrid

The objective, above all, is to grant first occupancy licenses to the more than 1,300 homes that are awaiting visits due to the coronavirus crisis.

Madrid City Council has formed a special team of on-call urban planning inspectors, who have volunteered, and whose work will be considered as an essential service so that they can carry out on-site inspections.

The objective, above all, is to grant first occupancy licenses to more than 1,300 homes that are awaiting visits due to the coronavirus crisis. The agreement was made at the last meeting of the City Council Government.

Madrid’s City Council Meets with Real Estate Experts to Consider How to Bring the City Back to Life

The objective is to provide a quick and effective response for reactivating the city of Madrid when the measures associated with the State of Emergency come to an end.

The representative of the Urban Development Department, Mariano Fuentes, has held the first meeting with the committee of experts that was announced at the last Governing Meeting to help with proposals to bring the city back to life when the measures associated with the State of Emergency caused by COVID-19 come to an end.

Given the forecasts for the building sector, which indicate a significant slowdown in activity, Fuentes has highlighted in this first meeting the importance of increasing public-private collaboration in municipal decisions so that, “a fast and effective response can be agreed between everyone to mitigate, to the extent possible, the impact that this crisis will have”.

Metrovacesa Reverses Plans to Build Homes at Clesa

17 December 2019 – Metrovacesa is looking to obtain the necessary final approvals from the Madrid City Council in January 2020 and that of the regional government in the middle of that same year. The firm stated that it is not considering building homes. Instead, it is studying a public-private collaboration to renovate the former Clesa factory, which Metrovacesa has ceded to the city.

The developer is continuing to plan on building a large mixed-use project on much of land, which is nearby Operation Chamartín. Metrovacesa will allocate 50% of the land for new offices while dividing the rest into other businesses such as retail, student residences and hotels.

The land in concern has 38,000 m2, excluding the 8,000 m2 Metrovacesa has ceded to the Madrid City Council. In total, there is a buildable area of ​​90,000 m2 and the firm will invest 260 million euros.

Original Story: Idealista – Carlos Lospitao

Adaptation/Translation: Richard D. K. Turner

Madrid City Council Acquires Leased Building for €55 Million

16 December 2019 – The Madrid City Council has acquired the headquarters of its municipal computer service and the Mobility Management Centre, a building located at Calle Juan Camarillo 6, for 55 million euros.

The council subsequently exercised an option to buy when the asset’s owner, Rex Spain, notified it of its intention to sell. The building has an area of 17,546 square meters, along with 249 parking spaces, for which the municipal government had been paying about four million euros a year in rent.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Madrid Budgets €21 Million to Buy Land for Public Use

3 December 2019 – The political parties PP and Cs’ new budget for the Madrid City Council’s includes €21 million to acquire new land for additional housing and other public needs. The budget increases the Municipal Housing and Land Company’s budget by 16.19% to 180 million euros.

These new lands would consist of new facilities around the airport, a new residence for senior citizens in Puente de Valleca. The municipal company would also acquire land in Campo de las Naciones to add to the Metropolitan Forest.

Original Story: La Vanguardia

Adaptation/Translation: Richard D. K. Turner

Madrid to Prioritise Operation Campamento

8 October 2019 – The Madrid City Council is looking to prioritise the Operation Campamento, a plan to build 10,700 homes on lands owned by the Ministry of Defense. The former PP mayor Alberto Ruiz Gallardón originally signed an agreement in 2005 to develop residential housing in a disused military zone in the district of Latina.

The PP and Ciudadanos political party coalition ran on a platform of streamlining such development to help increase the supply of housing in the capital city.

To increase the housing stock for rent, the City Council intends to finalise the 4,500 homes belonging to the Municipal Housing and Land Company. The council will also transfer the surface rights to sufficient land to build 5,000 homes and will seek to redevelop existing buildings.

Original Story: ABC Madrid / EFE

Adaptation/Translation: Richard D. K. Turner

BBVA to Sell Its 75% Participation in the Madrid Nuevo Norte Project

30 July 2019 – Richard D. K. Turner

The Madrid City Council has unanimously approved the Madrid Nuevo Norte project, also known as Operation Chamartín, after a twenty-five-year wait. The project must now gain final approval from the Community of Madrid government and weather lawsuits from community and environmental groups.

District Castellana Norte (DCN), which is 75% owned by BBVA together with Grupo San José (25%), is the developer in charge of the project. Though BBVA has publicly affirmed its commitment to see the project through, increased oversight by the ECB and a change in the bank’s leadership have fuelled speculation that BBVA will sell its participation of a single major investor.

Despite some changes to the urban development plan, Operation Chamartín will lead to the construction of 10,500 homes (20% with some kind of protection), a new financial district and the refurbishment of the Chamartín train station. In total, investors will plough roughly €6 billion into the project over about two decades. Construction is expected to commence in 2021.

Original Story: El Confidencial – Ruth Ugalde

Madrid City Council Gives Preliminary Approval to Operation Chamartín

29 July 2019 – Richard D. K. Turner

The Madrid City Hall gave conditional approval to the Madrid Nuevo Norte project, also known as Operation Chamartín, yesterday 25 years after it was first proposed.

The modifications to the General Urban Development Plan will be sent for final approval to the government of the Community of Madrid.

The mayor of Madrid, José Luis Martínez-Almeida stated that they would maintain the project originally agreed to by the Ministry of Development, the private developer leading the project, Distrito Castellana Norte (DCN) and the Madrid City Council. The mayor added that construction is expected to begin in 2020 or 2021 and generate 200,000 direct jobs.

Community organisations and environmental groups such as the Regional Federation of Neighbourhood Associations of Madrid (FRAVM), Ecologists in Action and the North Zone Platform, stated that they would contest the development in court.

Original Story: El Diário

Construction to Begin as Cuatro Caminos Receives Approval, Five Years On

20 July 2019 – Richard D. K. Turner

The City Council of Madrid will give its final approval for the plan to develop the Cuatro Caminos project.  Grupo Ibosa and 443 families purchased the land from Madrid Metro, for 88.3 million euros, in November 2014.

The site acquired by the cooperative, Residencial Metropolitan, has an area of ​​3.7 hectares, where the two groups plan to build a residential development, along with more than 17,000 square meters of parks and gardens.

The municipality’s approval will allow construction of more than 400 homes, 60 of which would be officially protected (subsidised), while transferring sufficient land for 70 more homes to the city council.

Original Story: El Confidencial – E. Sanz

Photo: Salvador Fenoll.