Tag: RC5

Ibosa Acquires RC1 from Mahou for €70 Million

8 October 2019 – The real estate cooperative Ibosa has acquired the second of the three plots of land owned by Mahou by the former Vicente Calderón stadium for 70 million euros.

The plot of land, called RC1, has a buildable area of 18,266 square meters for residential use, enough for 200 new homes. The asset also has 3,741-m2 of commercial land.

After this, only one of the three plots of land owned by the brewery is still left for sale. Pryconsa acquired the first plot for 55 million euros.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Pryconsa Acquires RC5 in Madrid from Mahou

30 September 2019 – Pryconsa, the Colomer family’s real estate developer, has finalised its acquisition of the RC5 plot of land from the Mahou brewery in its Operación Calderón. Market sources state that the negotiated sales price was around 3,000 euros per square meter, for a total of more than 55 million euros.

Mahou opted to go with Pryconsa since its offer of payment was seen as better, though the cooperatives were able to pay slightly more.

Mahou is selling off three plots of land by the former stadium in Madrid: RC5, RC1 and RC2. Pryconsa acquired the first, which has a buildable area of 18,508 square meters. The developer plans to build houses for sale, not for rent.

Original Story: El Confidencial – Elena Sanz / Ruth Ugalde

Adaptation/Translation: Richard D. K. Turner

Pryconsa Close to Finalising Acquisition of RC5 from Mahou

27 September 2019 – Pryconsa, the Colomer family’s real estate developer, is close to finalising an agreement to acquire the last plot of land on sale by the Mahou brewery in Madrid.  The sale, part of the Operation Calderón, is expected to go more than 55 million euros.  

Pryconsa would thus take over the plot of land known as RC5, which has a buildable area of ​​18,805 square meters. The land that makes up Operation Calderón has a total area of ​​193,804 square meters and a building area of ​​147,000 square meters and is one of the last large plots of land left in central Madrid.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner