Impulsa Proyectos Inmobiliarios acquires plot for €130M for 375 houses

Impulsa Proyectos Inmobiliarios acquires plot for €130M for 375 houses


It’s a total of 4 plots of residential use with buildable area of 55,000 m2, in an operation whose final result will involve an investment of €130 million.

It is one of the best finalist urban land available in the south-east of Madrid, in one of the areas of the Community with the greatest economic projection for the coming years, the South-east Axis, composed by 20 municipalities that account more than 200,000 inhabitants located in the corridor of the A-3.

On the plots acquired by Impulsa Inmobiliaria, will be developed 375 units of single-family houses distributed in 4 promotions. The first of them, composed of 137 houses of 3 and 4 bedrooms, is fully commercialized with an imminent start for construction financed by Banco Santander. During the SIMA 2018 will be presented the development plan in phases of the 3 remaining promotions.

The sales process has been managed by Colliers International, as financial advisor, and Ashurst, as legal advisor.

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