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Real Estate Developer Invests €87.4MM, Aiming to Build More than 600 Homes in Granada

Posted by: In: Real Estate 09 Aug 2018 Comments: 0 Tags: , , , , , , , , , , ,
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6 August 2018

The real estate developer Grupo Inmoglaciar signed a contract for the acquisition of a 25,074-square-meter plot of land in Granada, for a total investment of 87.4 million euros. The company plans to develop 608 homes on the property.

As the company announced in a press release, the property has a buildable area of ​​62,493 square meters, in the area of Parque ​​Nueva Granada in the city’s northwest. The future development is expected to be “fully residential. “The two, three and four-bedroom flats will be built in four-storey buildings, with “elegant architecture and modern design.”

The residential developments will consist of four plots that will be developed in different phases. Sales are expected to begin in the fall of this year. The project will have common-use areas such as a swimming pool, a community room, a gym and a playground.

The acquisition is part of the company’s expansion strategy in Andalusia, where it already has two additional projects, one on the Granada’s Costa Tropical, with 192 homes, and a future housing development in Córdoba.

Original Story: Europa Press

Translation: Richard Turner

The post Real Estate Developer Invests €87.4MM, Aiming to Build More than 600 Homes in Granada appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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