Domo Activos acquired 50% of project build-to-rent Jardines del Portillo

Domo Activos acquired 50% of project build-to-rent Jardines del Portillo

Photo: Jardines del Portillo

This transaction was carried out through the purchase of 50% of the shares from Sociedad Valdemoro Living Developments by subscribing a total 194.935 shares for 9.8 million euro. This amount was paid using the Spanish REIT’s own resources, it can be read in the release issued by BME Growth.

The same document stated that this society is «the owner of 10 registered properties located in Valdemoro, within Prado-Estación on which the development known as “Jardines del Portillo” is being executed».

This project is described as a garden city which should offer 688 dwellings for rental spread across more than 50.000 sqm. The project also includes more than 3.000 sqm for commercial areas and amongst the services, it will offer, are included restaurants, co-working, gyms, supermarkets, childcare, hairdressing, cultural spaces for new artists, music and language schools, banks and healthcare services.

Sustainability is one of the project’s strategic vectors. On its official webpage, it can be read that «Jardines del Portillo is committed towards the environment and it will be developed using sustainable construction systems so as to obtain an «A» energy efficiency certification». Proof of that is the company’s concern with the air quality circuits and the creation of green and sports areas.

€10M more for the new project in Malaga

At the same time, Domo Activos also revealed at BME Growth that it has just obtained financing from Banco Sabadell, through the mortgage of terrain in Malaga, to develop a new housing project on that same terrain.

The 10 million euro received should be used to develop a 7.735 sqm building with 37 dwellings, 37 storage units, 58 garages and 1 commercial space. This new building will be located at number 8 Calle Cañada del Tesoro, in Malaga.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!