Home English Culmia and Ae...

Culmia and Aedas Bid to Build the First 6,646 Homes in Madrid’s Vive Plan

Isabel Díaz Ayuso, the president of the Community of Madrid, announced that "there has been sufficient competition to be able to start the construction of the first 6,646 homes," in a statement last week.

The public tender for the first 46 plots of land under the Plan Vive for affordable rental housing has aroused the interest of some of the largest developers in the market. That interest, however, failed to reach the expected level.

Sources close to the operation told brainsre.news that Aedas and Culmia have submitted bids. On the other hand, Neinor Homes withdrew its offer, while Vía Ágora, Metrovacesa, and Vía Célere opted not to participate in the public tender.

Ms Ayuso confirmed last week, in an interview on Telemadrid, that the government had received the necessary minimum of two bids to auction three of the lots of land. The president of the Community of Madrid also stated that “there has been sufficient competition to be able to start the construction of the first 6,646 homes.”

Read the full article in Spanish

B-Exclusives

The Largest Players in Housing Sales and Rentals in Madrid

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

The Leaders of Spain’s Rental Housing Market

Engel & Volkers, aProperties and Spotahome lead Spain’s rental housing market by volume, according to Brainsre data.

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Latest news

How Merlin, Intu, Unibail and Redevco See the Future of Shopping Centres

Changes in use, rents, co-existence with online sales and a very different relationship with their tenants. Large retailers are evaluating the impact of the crisis on their businesses, albeit with optimism.

INE: Housing Sales Up by More Than 30% in March

 According to a report published Friday by Spain’s National Statistics Institute, the figure has returned to its highest point since July 2019.

Bankinter Finalises Acquisition of Montepino’s Logistics Portfolio

With the transaction, Bankinter has created the largest logistics real estate socimi in Spain, with a portfolio of 865,000 square metres and €1.2 billion in projects under development.