Culmia to invest €92.7 million in Solana de Valdebebas in Madrid

24 of May of 2021

The developer will have around 120,000 m² of land available in one of the capital's best-known eco-urban developments.
As a whole, Solana de Valdebebas will have a total of 1,393 homes, 45% of which will be subsidised.
The project aims to integrate nature with urban planning by establishing 300,000 m² of green areas and conserving existing natural spaces.

24 May 2021.- Culmia, one of Spain's leading property developers, has acquired an area of some 120,000 m² in Madrid's Solana de Valdebebas urban development, where it plans to invest €92.7 million in one of its upcoming residential projects. With urban planning that prioritises environmental and sustainability criteria, Solana de Valdebebas will link La Moraleja, the city airport and the Valdebebas park itself.

As a whole, Solana de Valdebebas consists of 1,096,164 m² of land on which a total of 1,393 homes will be built: 756 private and 637 state-subsidised. It is in a very attractive location, to the north of the city of Madrid and adjacent to the municipality of Alcobendas. It is an ecological urban planning project that seeks maximum energy efficiency with minimum impact, combining the organisation and planning of the buildings with the natural spaces. The reforestation of the area, together with the orientation of the buildings to capture the wind and controlled sunlight, will be key to reducing energy consumption. Water system preservation through drainage and energy generation through solar capture is also planned.

Culmia currently has 6 developments in the Community of Madrid with 450 homes on the market and a portfolio of 2,200 homes in the pipeline.

For Javier del Castillo, Culmia's Territorial Director for Central and Northern Spain, "with this operation, the company exemplifies its commitment to land management in strategic and high-demand areas with a project that stands out for its sustainability and its advocacy of the integration of natural spaces in urban planning".

Since 2013, the company has completed more than 5,000 homes throughout Spain. It has a portfolio of 80 developments and 4,000 homes on the market, as well as land to develop a further 11,000 homes.