- The lot was awarded through an auction organized by the Compensation Board for Madrid’s new neighborhood.
- Specifically, Culmia has acquired lot A 10.b in phase 3 of the development.
- The developer will build 134 homes with the goal of putting them on the market in the first quarter of 2026 and delivering them starting in the second quarter of 2029.
June 30, 2025— Culmia, the real estate platform that brings together all housing solutions on the market, has acquired, through an auction organized by the Valdecarros Compensation Board, 12,216 m² of buildable area, including 300 m² of commercial space, to develop 134 homes in this new Madrid neighborhood.
Culmia has acquired Lot A 10.b in Phase 3 of the Valdecarros development, where it plans toinvest 50 million euros.
The company will build 134 homes, which it expects to begin marketing in the first quarter of 2026 and to begin delivering starting in the second quarter of 2029.
“The acquisition of land in Valdecarros reinforces our commitment to Madrid and to the development of new urban areas that are well-connected, sustainable, and have high growth potential. This transaction is yet another step toward achieving our goal of offering housing solutions tailored to the current and future needs of residents,” said Pablo Méndez, Director of Investments and Land Management at Culmia.
With this acquisition, Culmia is reinforcing its commitment to the most significant developments in southeastern Madrid, as the company already has a presence in this area through its projects in Berrocales and Ahijones, thanks to the Plan Suma affordable housing project, developed by the EMVS.
In addition, Culmia also owns land in other major urban development projects in the Community of Madrid. In Retamar de la Huerta, located in Alcorcón, the developer has acquired eight lots representing 23,000 square meters of buildable area and 222 homes. In Solana de La Moraleja, Madrid, it has signed a joint venture agreement with Alterna Consulting to develop a project consisting of 10 premium single-family homes, Culmia Virere Quetzal; it also owns land to develop another 73 multifamily homes, known as the Culmia Virere Aqua development. In ARPO, in Pozuelo de Alarcón, the developer has approximately 60,000 m² available for the development of 475 homes. And in Valgrande, in Alcobendas, Culmia owns approximately 150,000 m² of residential buildable land for the development of 10 projects and 1,200 homes.
Since 2013, Culmia has delivered more than 8,000 homes in over 126 developments throughout Spain.
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