The property comprises nine exclusively-designed standard, superior and duplex apartments in the Be Mate division, including an impressive 114 square metre penthouse.
The plot has a roof buildability of 10,108.95 square metres, of which 9,719.83 square metres are for residential use (distributed over a maximum number of 98 homes).
Inmobiliaria Espacio has completed the third milestone of the Martiricos Agreement, a development that it is leading and which comprises 224 VPO homes and an office building.
A significant decline in tourism in areas such as the Balearic Islands and Malaga, together with a generalised tightening of credit, will lead smaller companies to sell assets.
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The regional government is going to put 240 publicly owned plots up for sale, of which 102 are for residential use. The jewel in the crown is a plot spanning more than 32,000 m2 in the heart of the Salamanca district.
The coronavirus crisis is causing house price decreases of up to 70% in some municipalities in Castilla La-Mancha, the Community of Valencia and Andalucía.
Between April and August, work began on 996 developments in Spain with the ten largest comprising 1,691 homes. Of those ten, which are located in Madrid, the Basque Country, the Community of Valencia and Andalucía, four are being built by Amenabar.
Fearless Despite the Crisis: Property Developers Start Work on More than 27,000 New Homes Since April
Between April and August, work began on a total of 996 developments and 27,882 homes in Spain, according to data from the real estate big data platform Brains RE, with Amenabar, Habitat and Aedas the most active players.
The Qatari group, which owns the Alicante-based construction company Ecisa, has given up half of its stake in exchange for shares in the listed real estate company.
The sale of the first two portfolios post-Covid in Spain reflects the fears of the international funds, which are making offers with average discounts of 20%.
International investment firms such as Fortress, Bain Capital and Bayview are opting to look for potential investments in southern European markets outside of Spain, putting operations such as the sale of NPL's in Santander and Sabadell on hold.