In order to carry out the development, the company owned by fund Cerberus expects to invest 95 million euro.
There are around 63.500 sqm of buildable area in this terrain within the Andalusian city. In total 600 new houses, pools and common areas will be built in it. The first stage of the marketing process has already started and, according to Eje Prime, only 59 houses will be placed on sale during this first marketing stage.
According to Eje Prime, this project fits the company’s growth strategy in this Spanish region. The company currently has 9 real estate developments under way in Spain.