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The ABU Group Makes the Leap From Andalucía to Madrid With an Investment of €85 Million

From October, the Sevilla-based property developer is going to market four new promotions in Madrid on land for which it has paid 30 million euros.

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The ABU Promoter Group has decided that 2022 is going to be the year of its expansion beyond its territory of origin. Based in Sevilla, the firm has developed several high-impact promotions in the Andalucían capital itself, as well as in Málaga and Cádiz. And now, it is making the leap to Madrid.

It will make its debut in the Spanish capital with four promotions, two in Arturo Soria, one in the Moncloa-Aravaca district and another in Salamanca. For the purchase of the corresponding plots of land, Grupo ABU has paid 30 million euros, but its total investment in Madrid will amount to 85 million euros, as confirmed by the company to ABC Sevilla in June.

Read the full article in Spanish.

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