Disposal of a development project in Madrid

Othrys Iberia is pleased to announce the disposal of its development project located in the Vallecas district, in the south of Madrid.

The project is designed to deliver high-quality Flex Living accommodation within a modern development comprising 315 apartments and approximately 12,000 sqm of above-ground gross floor area.

The scheme will offer an extensive range of amenities, including a residents’ lounge, gym, swimming pool, co-working spaces, a master-chef kitchen, cinema rooms, a library, meeting spaces, and a café.

The development benefits from strong local amenities and excellent transport connections to central Madrid and is located in one of the city’s fastest-growing districts.

The project has been sold to a major Spanish development company following the successful obtainment of the building permit.