Insur to Build 136 More Homes on the Outskirts of Madrid

4 April 2019 – El Confidencial

The Sevillan based property developer Inmobiliaria del Sur (Insur) has reported that it is now working on the construction of 250 homes in the Community of Madrid.

In addition to the projects already announced in Boadilla del Monte and Valdemoro, the company chaired by Ricardo Pumar is now going to start work on a new development in Villaviciosa de Odón.

There, it is going to build two groups of 68 single-family homes, which will form part of a larger development known as Monte de la Villa, which will eventually contain 2,500 homes in total.

Original story: El Confidencial (by Carlos Pizá)

Translation/Summary: Carmel Drake

GreenOak Sells a Warehouse in Valdemoro for €9.75M

18 March 2019 – Eje Prime

Gore Spain, the Socimi owned by the US fund GreenOak, has sold a warehouse located at number 208 Avenida Andalucía in Valdemoro (Madrid) for €9.75 million, according to reports made by the company to the Alternative Investment Market (MAB).

The warehouse has a leasable surface area of 24,449 m2, comprises two above-ground floors and is located just 27 km from the centre of the Spanish capital.

The asset has been vacant since July 2016 and owned by Gore Spain since February 2017, which purchased it from Goodman. The identity of the buyer on this occasion has not been revealed.

Original story: Eje Prime (by Roger Arnau)

Translation/Summary: Carmel Drake