The Official Credit Institute (ICO) has granted financing of 121,150,000 euros to two residential developments promoted by Avintia Inmobiliaria in the Community of Madrid. The operations are part of the ICO Housing Line, with European NextGenerationEU funds, aimed at increasing the supply of social or affordable rentals.
The most noteworthy investment corresponds to the loan of 88,940,000 euros granted to the company AVG Capital Management 12, for the construction of 606 homes in Móstoles. This is the project with the largest number of homes financed to date by the ICO. The development has been awarded by the City Council by means of a demanial concession contract and will be built on a built-up area of 47,414 sqm. The complex will include four buildings with 173 one-bedroom homes, 347 two-bedroom homes and 86 three-bedroom homes, as well as 719 parking spaces, 606 storage rooms and a commercial space.
The second loan, worth 32,210,000 euros, has been granted to the company Real Estate ADI 3, for the construction of 165 homes in Las Rozas de Madrid. The project, awarded by tender by the City Council, includes homes with between one and three bedrooms on a surface area of 9,657.63 sqm. The complex will include communal areas, swimming pool, children's play area, gymnasium, coworking, storage rooms and garages. The homes will be rented as Publicly Protected Housing for rent (VPPL), with prices regulated by the competent administration. Delivery is scheduled for December 2026.
Both projects are being developed under public-private partnership mechanisms, with 50% of the financing guaranteed by the Ministry of Housing and the Urban Agenda, as part of the Government's Recovery, Transformation and Resilience Plan.
The Móstoles development incorporates the industrialised avita system, developed by the Grupo Avintia. According to the group's technical data, this construction model makes it possible to reduce execution times to less than 25 months, as well as minimising environmental impact: up to 75% less construction waste, 20% savings in water consumption, 50% less use of raw materials and concrete, a 50% reduction in noise pollution and 40% reduction in CO₂ emissions. The system also incorporates energy efficiency measures which, according to the developer, reduce annual consumption costs by up to 32%.
These actions are part of the ICO's strategy to boost affordable housing stock through sustainable financial instruments, with a special focus on rental development and compliance with climate and social objectives.