The company has also announced that, in the next few years, it will direct more than 750 million euros in investments to Spain, of which 450 million are already promised for various projects - specifically, the developments which Stoneweg develops, manages and markets in Spain – estimated to complete in 2017 and 2020 – are divided between the urban centres of Madrid and Barcelona, the outer rings of both cities and the Mediterranean coast
In total, there are more than 1,300 homes in 30 different projects, adding up to more than 200,000 m2 of land for residential and retail use, as well as three developments over 22,000 m2 in various office properties. An investment portfolio generated through the purchase of properties from banks, Sareb and private owners.
“We trust in Spain for its power of consistent economic growth and its capacity to attract tourists seeking a second home, as well as its mortgaging facilities and access to them,” Joaquín Castellví, Acquisitions Director at Stoneweg and CEO of Stoneweg Spain.
Stoneweg also has sealed agreements with leading financial entities (Banco Santander, BBVA, La Caixa, Banco Sabadell and Abanca) and strategic partners (Grupo Sorigue, Ferrocarril and Grupo Castellví), with the aim of building one of the most solid real estate groups in Europe.