ARGIS acquires a plot in La Solana de Valdebebas for the development of single-family homes

The transaction will be incorporated into ARGIS Living Fund II, ARGIS’s second residential investment vehicle, with €257 million in equity and a total investment capacity of €725 million, including leverage.

ARGIS, the Spanish Integrated Capital Manager that manages the value creation cycle of its assets through its own operating platforms, has acquired, through an off-market transaction, a 12,137 sqm residential plot in La Solana de Valdebebas, adjacent to La Moraleja, where it will develop single-family homes. The project’s total estimated investment, including the acquisition of the land and its subsequent development, amounts to €42.1 million.

The transaction will be incorporated into ARGIS Living Fund II, ARGIS’s second residential investment vehicle, which is currently in its deployment phase. The plot has 6,352 sqm of residential buildable area and forms part of a development area where infrastructure works are already at an advanced stage.

“This is a transaction we have executed through ARGIS Living Fund II. Thanks to our integrated management model and proprietary operating platforms, we are able to execute transactions of different sizes while applying clear discipline to both asset selection and investment execution.”

CARLOS ZUCCHI

Large-format single-family homes

ARGIS Living, ARGIS’s platform for the development of living and residential assets, will be responsible for delivering the project, which will comprise single-family homes with an average built area still to be defined, but expected to be around 500 sqm. Designed by Martín de Lucio Arquitectos, the homes will feature generous outdoor spaces, private gardens and swimming pools.

“The size of the plot and the residential characteristics of the surrounding area allow us to develop a project that is very much in keeping with its location, with large-format homes, generous indoor and outdoor spaces, and a strong focus on functionality and product quality,” says Aurelio Rodríguez, Business Director at ARGIS.

The project is currently at the stage prior to submitting the application for the building permit. The initial schedule envisages construction beginning once the relevant approval has been obtained, with completion expected in the last quarter of 2029.

La Solana de Valdebebas, next to La Moraleja

The plot acquired by ARGIS is located in La Solana de Valdebebas, a new residential area adjacent to La Moraleja, of which it is a natural extension, and well connected to Madrid’s northern corridor. Its location provides direct access to the A-1 and M-40 motorways and places it approximately 10–15 minutes from Adolfo Suárez Madrid-Barajas Airport and around 15 minutes from Paseo de la Castellana.

The area is characterised by low-density residential development and an extensive range of green spaces, sports facilities, national and international schools, healthcare facilities and retail services. These include Real Club de Golf La Moraleja, Real Club de Tenis La Moraleja, Runnymede College and Hospital Sanitas La Moraleja.