The alternative investment firm AXA IM Alts, which has 188 billion euros in assets under management, has received approval for the construction of an affordable housing development spanning some 44,000 square metres in the Tetuán district of Madrid, according to reports from the manager AXA Investment Managers. The firm acquired the land to develop these units at the end of 2019.
The project, which will comprise 540 apartments spread across two 24-storey buildings, is expected to be completed by the end of next year. The promotion will also include gardens and a swimming pool, amongst other common areas.
Read the full article in Spanish.
