Acciona buys terrains in Cadiz for €20M

Acciona buys terrains in Cadiz for €20M

Photo Collected From El Confidencial

The Spanish company is expected to invest 40 million euro more, within the 40.000 sqm buildable area of the terrains, to construct urbanisation featuring a 150 room hotel (7.900 sqm), more than 100 tourist apartments (9.500 sqm) and more than 100 single-family dwellings (18.000 sqm). According to newspaper El Confidencial, 3.100 sqm should be destined for tertiary uses such as a beach club.

This operation, which was advised by CBRE on behalf of the seller, should stimulate this municipality which has had a lack of new construction in the last few years.

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