The turnkey contract was secured in May 2021 by Catella AM Iberia on behalf of the Sarasin Sustainable Properties - European Cities Fund, fund managed by Catella Real Estate AG. The building, already operational, is located in Ensanche de Vallecas (Madrid) and is managed by Catella AM Iberia, which has a portfolio in Spain of more than 2,300 properties in Madrid, Barcelona, Valencia, Seville, Pamplona and Vitoria.
The residential development, located at Avenida de la Gran Vía del Sureste 10-12, has a total built area of 10,080 metres squarred above ground and includes 148 one- and two-bedroom subsidized apartments, 152 parking spaces, 148 storage rooms and 1 commercial space.
Source: Catella on the 2nd of may 2023