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ACR Acquires Land in Sevilla for €5M to Build 157 Homes

Posted by: In: Real Estate 31 May 2018 Comments: 0 Tags: , , , , , , , , , , ,
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29 May 2018 – Eje Prime

ACR is launching operations in Andalucía. The real estate group has invested €5 million in the purchase of a plot land in Sevilla, its first project in the autonomous region. Spread over three developments, the company is going to build 157 private family and cluster homes.

ACR’s property developer division has acquired a plot measuring 22,000 m2 in the municipality of Mairena del Aljarafe, very close to the Sevillan capital. In that town, the real estate group is going to build family homes with four bedrooms, two garages each and a private garden, as well as a communal swimming pool. Meanwhile, the apartments will be distributed over two six-storey blocks and will have between two and four bedrooms, according to explanations provided by the company.

The first development will comprise 48 homes; the second 69 homes; and the third will be the smallest with 40 homes up for sale. The project in Sevilla will serve as the launch pad for ACR in Andalucía, and the firm is already considering new purchases as part of its national expansion objective. Levante is another “established market”, which is of interest to the group. Currently, ACR has 2,000 homes in its development portfolio.

Original story: Eje Prime

Translation: Carmel Drake

The post ACR Acquires Land in Sevilla for €5M to Build 157 Homes appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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