Madrid City Hall Closes two land sales to Whiteni Group a total of 4.5 million euros for free housing construction.
The first operation was closed on 11 May and corresponded to a plot of land located in the Valdezarza neighborhood, in the Moncloa-Aravaca district, at 33 Sánchez Preciado street, and the City Council entered 3.13 million euros. Minutes from Dehesa de la Villa Park and less than 15 minutes by public transport from Glorieta de Cuatro Caminos, this estate will house a multi-storey building of 20 houses.
As Whiteni sources reported to EL PERIÓDICO DE ESPAÑA, The second plot they bought is located in Carabanchel and they paid 1.4 million.. Established in 2017, the real estate company plans to introduce 18 apartments with similar features on this second plot.
The acquisitions, according to Whiteni, “there is a shortage of new construction supplies that are not in line with the increasing demand in certain neighborhoods and the socio-cultural changes in neighborhoods that are increasingly demanding higher quality housing, services and common areas. The intent is that both promotions are “boutique”, with “many services of large residential complexes”, as well as a garage and storage room. The company will hand over the comprehensive management, real estate-urban consultancy and financial and financial planning of both projects to the firm. Next Advice.
This sale is part of the competition for the sale of nine residential plots that the City Council has issued in 2021.was partially abandoned. In this type of procedure, if any of the assets do not receive any bids, a buyer may bid it directly at the minimum price agreed in the contract, as Grupo Whiteni did.
Sale of public land
Since the beginning of the legislature, the municipal executive branch has held numerous competitions for the elimination of public lands from use by the administration. For example, the 2023 budgets envisioned the sale of three plots of land for tertiary use in Valdebebas, an urban development north of the capital. In total, approx. public coffers revenue of 139.9 million euros. Months later, he tendered the sale of one of them for 33.52 million, but it did not go out to tender.
Something similar happened in 2020 and 2021 in the same neighborhood, albeit with better results. Consistory put up for sale two adjacent abandoned lands in two searches. After some time, already in 2022, the Swiss administrator Stoneweg paid approximately 45 million to purchase them through direct bounty.with the intention of building flexible flats on tertiary land.
Related news
The Urban Development Zone also entered a tender for the sale of nine plots for industrial-logistics use, worth 29.24 million euros (excluding taxes) last year. Bids were received for only two plots.awarded to Construcciones Eliseo Pla Ramírez SL and AhorraMás supermarket chain, which paid 3.05 and 2.37 million euros, respectively.
Undoubtedly, although there is no such sale, The legislature’s star project in terms of land has been a competition to promote rental housing on public lands.. As this newspaper announced, the Ministry of Urbanization granted Culmia, Vía Ágora and Pecsa-Avintia the necessary surface rights for the construction and subsequent rental of 2,000 below-market houses in different districts of the municipality.