Spain

Banco Santander loans €26M to Metrovacesa for two residential projects

Banco Santander loans €26M to Metrovacesa for two residential projects

Metrovacesa has signed two financing agreements with Banco Santander, for a total amount of 26 million euros, aimed at promoting residential projects in Seville and Marbella. The transaction has been notified to the Spanish National Securities Market Commission (CNMV).

The first loan, for €14 million, will finance Residencial Etna, a development comprising 74 one- to four-bedroom homes in Seville. This financing has a repayment period of up to 360 months.

On the other hand, the €12 million of the second loan will go to MedBlue F3, a luxury residential development of 51 flats and duplex penthouses located in Marbella. In addition, the agreement includes a guarantee line linked to Residencial Etna for 5.2 million euros, strengthening the financial framework necessary for its development.

This transaction reinforces Metrovacesa's strategy of promoting projects in key locations in the Spanish market, with the backing of financial partners such as Banco Santander.

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