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Acciona to Build 450 Rental Homes on Land Acquired from Adif

Including this project, the Entrecanales family’s construction company is currently developing 1,450 rental flats.

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Acciona’s real estate division will build 450 rental homes on the Méndez Álvaro land in Madrid. The land was acquired just a fortnight ago from Adif for 67.3 million euros. This amount is much higher than the starting price, which was above €54.4 million.

The state-owned firm Adif held an auction for two urban plots for residential use. The plots are located in the urban area of Méndez Álvaro in Madrid, one of the city’s fastest-growing areas in recent years. Libra Gestión de Proyectos was awarded the smaller plot and Acciona Inmobiliaria the larger one.

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