Tag: surface areas

Town Hall of Madrid Reorganises 2,500 Hectares of Land in Valdecarros & Los Cerros into Smaller, More Feasible Areas

16 October 2018 – Inmodiario

The Town Hall of Madrid has agreed to submit to public information the Advance documents detailing two Modifications to the General Plan for four areas belonging to the developments in the south-east: Valdecarros-Cantiles de Manzanares, with a surface area of 1,928 hectares, and Los Cerros-Ensanche de San Fernando, with a surface area of 494 hectares. The main objective of these documents is to adjust urban growth to the real needs of the city, establishing a new framework for the economic, social and environmental feasibility of future developments.

Moreover, the documents prioritise the defence of the general interest of the city in two senses:

They ensure the environmental values of certain areas in the aforementioned zones through the classification of the land.

They increase the economic guarantees and legal commitments of the private management and execution, and they ensure the implementation of facilities, services and infrastructure to the real capacities of the public administrations.

The economic and legal guarantees affect the public and private agents. On the one hand, the capacity of private players to carry out the investment necessary to manage and urbanise and, on the other hand, the public capacity to implement services and amenities.

To streamline the use of the land, a new land classification system has been established for these areas, which allows for their gradual planning and development, in smaller sections. In this way, the urban planning documents program smaller execution units to ensure the production of land for homes, economic activities and amenities in timeframes that match the needs of the city. In this way, the future developments may be adapted to social, economic, technological and environmental changes that evolve in the future, and will avoid the execution of urbanisations and the inappropriate or unnecessary regulation of buildings.

The result of the land reclassification is 2,422 buildable hectares (…).

In total, the potential capacity of the land in Los Cerros and Ensanches de San Fernando decreases by 28.45%, from 14,900 to 10,700 in terms of the number of homes, and by 23.70%, from 570,000 m2 to 440,000 m2 in terms of the buildable surface area for economic activities.

The first development is scheduled for 2022 in the north of the region (….).

Original story: Inmodiario 

Translation: Carmel Drake

Aedas Obtains Permit For 28-Home New Build Project in Madrid

8 March 2018 – El Español

The property developer Aedas Homes has obtained the building permit for the construction of one of its iconic projects: Cabot, in the heart of Madrid. The development is equivalent the company’s cover letter in the Spanish capital. It is located in one of the most privileged and fashionable areas of the city, between the traditional neighbourhoods of La Latina, Embajadores, Lavapiés and Puerta de Toledo.

With the building permit granted, the property developer plans to start work on the spectacular development, located on Plaza Campillo del Mundo Nuevo, in April, which is when the countdown will begin for the handover of the homes. Cabot is a modern residential new build project comprising 28 homes with 1-, 2- and 3-bedrooms and surface areas of 68 m2 and beyond. An exceptional and unique development with prices starting at €270,000, which boasts a high energy efficiency classification – an A rating – and an air conditioning system with heat recovery accompanied by the thermal comfort offered by the underfloor heating and cooling installation.

“Designer apartments with unbeatable views, a swimming pool on the rooftop, parking spaces and storerooms”, said Samuel Matarranz, Development Manager at Aedas Homes for the Central Region. “Besides its excellent location, you have all of the comforts that come with an urbanisation in the metropolitan area of the city”, he said.

High-end common areas

In addition to the impressive swimming pool on the roof of the building, Cabot will have fully functional common areas including: a gym, a garden patio, a solarium, common room, multipurpose room and a parking area for bikes. These spaces are in line with the new needs being demanded by the most urban of residents.

The project has been designed with the utmost care both inside and out, where elegant and contemporary lines dominate. The environments can be adapted to suit the tastes and needs of the future owners. Aedas has opted for large open-plan spaces and high ceilings, with natural light in abundance thanks to the huge windows.

“The project has been well received since the first moment that it went on the market on our website. During the first month alone, more than 10 homes were sold”, said Matarranz, who has no qualms about describing Cabot as one of the property developer’s most iconic promotions and an “image of the Aedas Homes’ brand”, in terms of everything it represents. “This project brings together contemporary architecture, high-quality and well-designed homes and an excellent location”, he concluded.

Original story: El Español (by E.E.)

Translation: Carmel Drake

Palm Capital Acquires 3 Logistics Projects in Getafe from BCM

26 February 2018 – Observatorio Inmobiliario

Palm Capital has become a protagonist in the Spanish logistics market with the acquisition of three projects in the Los Gavilanes Business Area in Getafe from the property developer BCM (MCA Group). The operation, advised by the real estate consultancy Proequity, involves the acquisition, under the forward funding method, of three turnkey logistics projects with constructed surface areas of approximately 33,000 m2, 25,000 m2 and 27,000 m2, respectively.

The price for which the agreement has been closed has not been disclosed by the parties, but the value of the three completed projects is estimated to amount to around €100 million.

The first project that is going to be constructed will comprise two platforms measuring 22,000 m2 and 11,000 m2, which may house up to four different operators. It is expected to be ready for delivery by the first half of 2019.

With this acquisition, Palm Capital is going to become the main owner in the Los Gavilanes Business Area, with more than 85,000 m2 of leasable logistics space under ownership. Gavilanes represents the first acquisition that Palm Capital made in the Spanish logistics market and marks the beginning of an ambitious expansion plan through which it intends to acquire and build more logistics assets in the short term.

The Los Gavilanes Business Area is positioned in a strategic location in the south of Madrid, 16km from the centre of the Spanish capital. It has quick access to the A-4 highway between Madrid and Andalucía and 1,500 m2 of its façade overlooks the M-50 ring road. For this reason, first-class companies such as Amazon and Decathlon have already chosen the location for their distribution centres.

Original story: Observatorio Inmobiliario

Translation: Carmel Drake