Madrid unblocks the urban development of Solana de Valdebebas

Madrid unblocks the urban development of Solana de Valdebebas

Madrid City Council has unblocked a major new urban development in the northeast of the capital: Solana de Valdebebas, in the district of Hortaleza, with the definitive approval by the Governing Board held today of its reparcelling project, as explained by the deputy mayor and municipal spokesperson, Inma Sanz.

This area, which has a surface area of 1,091,140 square metres, will provide the city with 1,393 new single-family and collective housing units. Forty-five percent of the housing (637) will be subsidised housing, 422 of which will be provided by the Madrid City Council through the free transfer of 10% of the land use and its contribution to the assets, thus complying with the legal mandate that 30% of the residential building area of the area must be allocated to this protected use. In order to build the 422 publicly subsidised housing units, the Madrid City Council is allocated four lucrative plots of land.

The definitive approval of the reparcelling project for Sector US 04.10 Solana de Valdebebas, submitted by the Urban Planning, Environment and Mobility Area, will also contribute to improving the city's environmental conditions. Thus, 292,000 sqm of new public green areas will be created, the Valdebebas stream and its watercourses will be preserved, the existing Valdebebas park will be enlarged and completed and a new route will be designed for the Los Toros path, the old cattle track that used to run through the area. This path will be extended from 18,300 sqm to 26,041 sqm for its effective recovery.

On the other hand, Madrid City Council obtains 46,500 sqm of land for public networks of collective services (facilities, public services and sports facilities), 141,500 sqm of local roads and 45,000 sqm of main public roads, which will serve to articulate mobility within the sector and its connection with the city's general roads.

A single stage

Following the reparcelling approved, the urban development is planned to be carried out in a single stage. The project will be executed and paid for by the area's Compensation Board, made up of 22 owners (including public administrations), with the supervision of the Area of Works and Facilities. It will involve an investment of more than 74 million euros and the planned timeframe for the urbanisation work is 24 months.

La Solana de Valdebebas provides the urban development finishing touch and the link between La Moraleja, the Airport City and the Valdebebas park, in a commitment to sustainable urban planning that is in line with the renaturalisation strategy undertaken by the City Council, in a clear commitment to the inclusion of environmental values in the development of the city.

The new area is part of the plans for the Metropolitan Forest in the northern part of the city, with the recovery of the river areas and their connection with the green areas through the Forest Avenue, which will articulate this new green infrastructure that will surround Madrid.

The urban transformation of this area will promote its accessibility, both for pedestrians and by bicycle or public transport, and will favour mobility, giving continuity to the Camino Ancho de Alcobendas street, establishing a connection with the road network of the Ciudad Aeroportuaria and Parque de Valdebebas area.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!