Q21 Real Estate has closed the purchase of Levitt together with a consortium of international funds. Levitt provides a significant reinforcement in the best locations in Madrid, both in houses in promotion, as in pool of lands. Garrigues and PwC have advised the buyer in the operation.
At first, Q21 will see an increase in its current portfolio of more than 1,700 houses with 145,000 m2 of residential building in Levitt in the north-east and north-west of Madrid, as well as with more than 75,000 m2 of tertiary building in the same areas.
For the CEO of the real estate, Joaquín Ros, "Q21 gives an important qualitative leap with the incorporation of promotions and the Levitt pool of lands, probably the luxury real estate with the highest and best track record in Spain. We intend to take advantage of these strengths in a highly qualified and selective project, which expects to become a leading brand in the Spanish residential and tertiary premium sector, with special focus on Madrid and its Community".