FADESA to invest more than €187 million in three new developments in Spain (ES)

FADESA is to invest €187.5 million in three new developments in the Spanish provinces of Granada, Tenerife and Guadalajara. In total, the Group is set to build over 900 new homes offering a range of dwellings, both as first and second homes, once again demonstrating the company's firm commitment to product diversification.

The company's links to the province of Guadalajara began with the Residencial FADESA Plaza, a development which featured 566 of different characteristics, including both apartment blocks and terraced houses in the town of Horche, just 13 Km. from Guadalajara city. With an investment of €128.6 million, the private estate development is notable for its extensive landscaped gardens and the services on offer, as well as its excellent transport links. The development is close to a future AVE High Speed Train station, which will be just twelve minutes travelling time from the center of Madrid.

FADESA's development in the province of Granada meanwhile, the Residencial Mirador de Almuñecar, has been built in a spectacular seaside setting on the Costa Tropical, very close to the Cantarriján Natural Park. This is a private estate development featuring 211 low density flat and apartment blocks, with swimming pools and sports facilities, in which the company is set to invest some en €40.7 million. This development is a further example of FADESA's activities in Andalusia, a province in which the company has had a strong presence since 1997, having sold almost 10.700 homes to date, representing an overall investment of over €1,200 million.

Finally, FADESA presents the Residencial FADESA Las Acacias, a new FADESA development situated in the south of the island of Tenerife, in the town of San Isidro de Abona, a stones throw from the El Médano Beach. This development is comprised of 124 homes divided between social housing and properties to be sold on the open market, representing an investment of €18.2 million. The company has been present in the Canary Isles since 1996, selling more than 3,000 homes, which represent an overall investment of almost €400 million.

Source: FADESA

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