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Kutxabank Sells 18,000-Square-Meter Plot of Land in Madrid to Top Gestión Madrid

Posted by: In: Real Estate 26 Mar 2018 Comments: 0 Tags: , , , , , , , , , , ,
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23 March 2018 – EjePrime

The company will build a development with 154 publicly protected homes on the land, located in Alcalá de Henares.

The Basque Kutxabank is selling its real estate holdings. The bank sold the 18,173-square-meter site to Top Gestión Madrid, which has already announced that it will build a development with 154 publicly protected homes (Vppl – subsidised housing) on the land, located in Alcalá de Henares.

The plot, located in ​​Espartales Norte, belonged to the Basque savings bank Kutxa, which incorporated the land into Kutxabank when the three main Basque financial institutions merged in 2012.

The apartment blocks that were designed for the development have seven floors each with penthouses and will be built following the principles of sustainable architecture. The venture is a response to the currently elevated demand for residential assets in the Henares Corridor.

For Top Gestión Madrid, a newly created company, the operation involves “continued growth, while reinforcing the geographical diversification of our portfolio of land,” its general-director, María Emilia Alarcón stated. The company’s portfolio consists of fifteen ventures in various stages of development, including completed projects, works in progress and those about to go on sale, in Madrid and Andalusia.

Original Story: EjePrime

Translation: Richard Turner

The post Kutxabank Sells 18,000-Square-Meter Plot of Land in Madrid to Top Gestión Madrid appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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