Post by account_disabled on Mar 13, 2024 5:05:37 GMT -5
Atalaya Desarrollos Urbanísticos (ADU), the joint venture promoted by Myjoja, the founders of the developer Aelca, and the manager Mazabi, takes another step in its investment strategy with the purchase of several lands in the Community of Madrid .
As announced by the company dedicated to the development of urban projects, it has closed five land purchase transactions in the metropolitan area of Madrid , both in the Eastern Developments (Los Ahijones, Los Berrocales and Valdecarros) and in San Sebastián de Los Reyes ( Dance Hill).
The investment committed by Atalaya Desarrollos Phone Lead Urbanísticos through these operations is equivalent to 60% of the total investment capacity of the vehicle (40 million euros) that it launched just a year ago and is in advanced negotiations to seal several additional acquisitions, with the idea of try to complete new investments in the coming months until completing the total planned investment.
In addition, the company in which Mazabi and Myjoja participate has already begun the preparation of a second vehicle, which it will launch once the first is closed with the idea of continuing to invest in land under management in locations with a need for urban land available for construction, where there is demand. continuous for free housing acquisition ('Build to sell') and also for rent ('Build to rent').
“Through ADU we are helping to put land suitable for rental housing (BTR) and real estate development (BTS) on the market, which real estate developers/cooperative managers need to cover the existing demand for new construction housing in certain locations. ”says Javier Gómez, CEO of Myjoja,
For his part, Ignacio Bezares, managing partner of the Mazabi Residential area, the recent purchases he has made confirm the interest that Atalaya Desarrollos Urbanísticos has in taking positions within the land market and more specifically within the main developments that are being carried out. promoting in the Community of Madrid.
As announced by the company dedicated to the development of urban projects, it has closed five land purchase transactions in the metropolitan area of Madrid , both in the Eastern Developments (Los Ahijones, Los Berrocales and Valdecarros) and in San Sebastián de Los Reyes ( Dance Hill).
The investment committed by Atalaya Desarrollos Phone Lead Urbanísticos through these operations is equivalent to 60% of the total investment capacity of the vehicle (40 million euros) that it launched just a year ago and is in advanced negotiations to seal several additional acquisitions, with the idea of try to complete new investments in the coming months until completing the total planned investment.
In addition, the company in which Mazabi and Myjoja participate has already begun the preparation of a second vehicle, which it will launch once the first is closed with the idea of continuing to invest in land under management in locations with a need for urban land available for construction, where there is demand. continuous for free housing acquisition ('Build to sell') and also for rent ('Build to rent').
“Through ADU we are helping to put land suitable for rental housing (BTR) and real estate development (BTS) on the market, which real estate developers/cooperative managers need to cover the existing demand for new construction housing in certain locations. ”says Javier Gómez, CEO of Myjoja,
For his part, Ignacio Bezares, managing partner of the Mazabi Residential area, the recent purchases he has made confirm the interest that Atalaya Desarrollos Urbanísticos has in taking positions within the land market and more specifically within the main developments that are being carried out. promoting in the Community of Madrid.