The real estate company will also develop a project with seven exclusive villas and the Higuerón Residences, consisting of 26 flats and six villas.
The bid submitted by both companies won over one by Visoren. They have been chosen as the private partner of Habitatge Metròpolis Barcelona to build 4,500 rental homes.
The Madrid City Council is set to approve the management agreement for Valdecarros this month. Almost 52,000 homes will be built on the site while it continues to develop Los Berrocales and El Cañaveral.