8 November 2017 – Sevilla ABC
The new neighbourhood of Hacienda del Rosario, in the east of Sevilla, will raise the census of the city above 700,000 inhabitants once again, thanks to the investment being made by Aedas Homes, which has rescued more than 33,000 m2 of developable land next to the Parsi industrial estate that had been blocked since the start of the crisis. As El Confidencial revealed in February, the Town Hall managed to free up this land, which had been left for dead since the property developer Gabrial Rojas gave up on its construction, and granted all of the permits necessary for Aedas to carry out the construction of a complex comprising 1,047 homes, divided into seven urbanisations. This project had been one of the city council’s priorities since Juan Ignacio Zoido took office and in the end, thanks to the investment from this business group in which the US fund Castlelake holds a stake, it will go ahead, to fulfil the urban development plan designed by the Town Hall, which is seeking to continue to grow the city to the east, the most populated area of the Andalucían capital.
The construction of the first phase is already quite advanced and, according to reports from Aedas, the properties are being sold a quite a fast rate. So much so that they have now started to sell the second phase. The intention is that the new neighbourhood will be completed in its entirety over the next three years.
The Jardines Hacienda Rosario residential complex covers the area from the Parsi industrial estate to the Decathlon in Alcalá de Guadaíra (…). One of its key features is its common areas. In fact, the proposal of Aedas Homes is to build a park measuring 33,000 m2 in private free spaces, as well as a social club, a children’s play area, sports courts, padel courts, a swimming pool for children and another one for adults.
In total, seven buildings are going to be constructed in successive phases with these characteristics, which means that, by the end of the process, there will be 4,000 additional residents in the area (…).
Construction of the first phase of Jardines Hacienda Rosario has been awarded to the construction firm San José and Banco Santander is the entity that is financing the development for the construction of these multi-family homes, measuring between 96 m2 and 125 m5 each. The total investment amounts to €100 million.
The price of the homes will range between €115,000 and €130,000 (…). Moreover, the Town Hall also plans to build 802 social housing properties on the site, which will make La Hacienda del Rosario one of the city’s largest neighbourhoods, with almost 2,000 properties, occupying a total surface area of 460,000 m (…).
All of this should be considered in the context that next to Hacienda del Rosario, other developments are also being built at the moment, such as Hacienda San Antonio and Residencial La Plata (…).
According to the most recent official data from INE, the city of Sevilla currently has 690,566 inhabitants, although the Town Hall elevates that figure to 698,690 (…). If Sevilla were to have more than 700,000 inhabitants once again, the revenues it receives from the State would increase substantially (…).
Original story: Sevilla ABC (by Alberto García Reyes)
Translation: Carmel Drake
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Source:: AURA Real Estate Experts