AQ Acentor spends €80M on 5 plots in Barcelona

AQ Acentor spends €80M on 5 plots in Barcelona

5 new plots in Viladecans, Barcelona | Photo Collected from Incasòl

This operation was concluded during the third quarter – at the end of September – with Instituto Catalán del Suelo (Incasòl), according to a release from AQ Acentor.

These 5 new lots are part of housing project AQ Llevant which represents a total investment of 250 million euro to develop 870 dwellings. Of these, 30% will be destined to the rental market, another 30% will be under affordable housing and the remaining 40% to the housing market. Real estate developer Aquila Capital en España further informed that «a significant proportion of the developments will be certified by BREEAM, as sustainable dwellings».

«We are very happy with the evolution of our business in Catalonia and our involvement with this market, strategic for the company and with very good projections for the future. AQ Llevant is a clear example of the smooth running our projects have in Catalonia, with an excellent start for the VPO dwellings marketing. It also shows that the cooperation between the private and public sectors is essential to meet the growing demand for different types of dwellings – for rent, affordable and on the market», commented Sven Schoel, AQ Acentor’s CEO.

This operation, and the whole project, show AQ Acentor en Cataluña’s investment commitment, a market that is very important for the company, with more than 2.000 dwellings at different stages of development. Besides this one, AQ Acentor has a further 5 projects of this type: AQ Urban Fira (Barcelona), AQ Les Arts, AQ Jardins del Forum, AQ Vallés and AQ Sant.

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