Advertisement
Realia Business SA has awarded a construction contract valued at 15.3 million EUR to FCC Construccion for the development of 47 residential units in Tres Cantos, Madrid. The contract, approved by Realia’s board, reflects the company’s ongoing focus on expanding its housing portfolio in strategic locations around the Spanish capital. FCC Construccion, a leading construction firm, will manage the entire development. This collaboration underscores Realia’s commitment to timely and high-quality project execution, meeting growing residential demand in the region while leveraging the technical expertise of an experienced construction partner.
Realia Business SA has approved a 15.3 million EUR contract with FCC Construccion to develop 47 homes in Tres Cantos, a well-connected municipality near Madrid. The decision was taken by the company’s board to strengthen its residential portfolio in areas experiencing growing housing demand. Advertisement
FCC Construccion, recognized for its experience in large-scale residential and infrastructure projects in Spain, will oversee the full construction process, including planning, building, and delivery of the units. The partnership aims to ensure efficient project execution while maintaining high construction quality and adherence to timelines.
Tres Cantos is an attractive location for homebuyers due to its proximity to Madrid, availability of public amenities, schools, and transport links. The new project is expected to cater to families and professionals seeking modern housing in a suburban yet accessible area.
Realia has a track record of completing residential projects in Spain, often collaborating with established construction firms to meet market demand efficiently. This contract adds to the company’s strategy of investing in high-potential locations around Madrid while leveraging experienced developers to deliver quality homes on schedule.
The award also aligns with trends in Spain’s real estate market, where mid-sized residential developments are increasingly favored to balance demand with timely delivery. By engaging FCC Construccion, Realia is capitalizing on the firm’s technical expertise and project management capabilities, ensuring the development meets contemporary housing standards and market expectations.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
