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Castlelake’s Project in Majadahonda Experiences a Record-Breaking Delay in the Processing of its Urban Licences

The project backed by the fund Castelake ,whose objective was to build 240 homes, has been paralysed because the current mayor of the town wants to assess whether the sale of the plot was legal.

residencial quian Majadahondas Aedas 1
The Qian residential development in Majadahonda by Aedas.

The development of plot RN-1 in the Madrilenian municipality of Mahadahonda has become the real estate project that has accumulated the longest delay in the processing of its urban licences. The project backed by the fund Castelake, whose objective is to build 240 homes, has been paralysed because the current mayor of the town wants to assess whether the sale of the plot was legal, according to El Confidencial.

The former president of the Community of Madrid, Esperanza Aguirre, assured that she ordered to suspension of the tender for the sale of this plot, and of plot 2D, for €83 million. That process had awarded the plots to the construction company Afar-4, after a controversial change of opinion by the municipal technicians.

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