The information is advanced on Spanish newspaper’s elEconomista print edition, which also mentions that the sale of this and other parcels should take place in June and will be assisted by consultant CBRE.
On this terrain, Swiss fund Stoneweg plans to build new dwellings for rental. This is also Azora’s goal, which is the main candidate to sign the purchase and sale agreement for the other two plots of land with Atletico Madrid.
Within the Spanish housing market alone, Stoneweg has 9 developments in the Madrid, 10 in Barcelona and 7 more spread out through several municipalities along the coast, according to the same newspaper.
Its latest housing project in Madrid is Skyline, where it expects to build two 600 apartment towers and which represents a 200 million euro investment.