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

Aedas Homes Unveils its Plans for Hacienda del Rosario (Sevilla)

8 January 2018 – ABC Sevilla

A new neighbourhood with more than 1,000 homes for families aged between 30 and 45 at affordable prices. That is the project that is now being built in Hacienda del Rosario, right opposite the Decathlon store and next to the Parsi Industrial Estate. The aim is to develop the city’s urban planning project and recover the demographic indices last seen a decade ago.

The Aedas Homes group is going to build 1,046 two-, three- and four-bedroom homes in seven 10-storey towers over a surface area of 93,000 m2, of which 73,000 m2 will comprise green space. And the Town Hall is going to build another 218 social housing properties on an adjacent plot, owned by the Urban Planning Department, which Emvisesa has already started to process. That means that by the start of 2019, Sevilla will have a new district with more than 2,000 homes, including not only these projects but also the one in Santa Bárbara.

On Monday, the mayor, Juan Espadas, visited the site where Aedas – which is also responsible for the Cisneo Alto project and the new Ramón y Cajal urbanisations – is starting work on land that it purchased in 2016 from Gabriel Rojas in the East of the city. Specifically, the plots are located between the A-92 and the shopping centre that houses the aforementioned Decathlon store. The access roads have already been built and the Town Hall has granted the relevant licences for the construction of the residential areas, which will include a park measuring seven hectares, a social club and common areas with a swimming pool and padel courts.

For Espadas, “this project is not simply a housing development, but rather the creation of a new neighbourhood in Sevilla, which means that we are at the beginning of the post-crisis and we have left behind the black hole in the construction sector”. The area of expansion is destined for “established families who want a more comfortable environment at a good price”, explains the mayor. The regional director of Aedas, Diego Chacón, highlight that these homes will cost between €120,000 and €150,000, and will be financed by Banco Santander and constructed by San José. The first tower, which will have 142 homes, will be handed over within a year. And from then, the area will come to life continuously in search of a clear objective that the major himself has admitted: “The registration of citizens (‘empadronamiento’) in the city will be activated again”.

Original story: ABC Sevilla (by Alberto García Reyes)

Translation: Carmel Drake

Tauro Real Estate Purchases 200 Flats In Madrid

25 April 2017 – Expansión

The real estate fund Tauro Real Estate now has more than 700 homes in its portfolio, located in Madrid and Barcelona, after it completed the acquisition of a building containing 200 apartments in San Sebastián de Los Reyes (Madrid). The complex, which is leased in its entirety, is located at number 11, Avenida Juncal and has a car park with 200 parking spaces, as well as a sports area with swimming pools and tennis and padel courts.

Tauro’s objective is to close the fund when its real estate portfolio contains 1,000 rental homes, including, in the case of Barcelona, tourist apartments. The cumulative investment will amount to between €200 million and €250 million.

Tauro’s investors include the Drago family, owner of the Italian publishing group De Agostini, and the firm is led by José María Xercavins (pictured above).

Original story: Expansión (by J. O.)

Translation: Carmel Drake