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Balearic and Canary Islands, the new markets boosting Vía Célere’s growth

Balearic and Canary Islands, the new markets boosting Vía Célere’s growth

· January 16, 2018 | Expansión

  • The company has entered the real estate market in the Balearic Islands after purchasing 9,000 m2 of buildable land on the Island of Ibiza, thus diversifying the geographic scope of its land portfolio.
  • In addition, in 2018 Vía Célere will begin its first development on the Canary Islands.
  • Juan Antonio Gómez-Pintado, President of Vía Célere, highlights the interesting prospects, given the demand for quality homes in Ibiza and the dynamism of the demand for second homes in Tenerife, thanks to the tourism sector.

 

Vía Célere, which specialises in real estate development, investment and management, has today announced that they have finalised the deals on their first land purchase in the Balearic Islands and the launch of their first development in the Canary Isles.

The new projects will diversify the geographic scope of the company’s business, thus reinforcing the solidity of its activities and its future commercial offers.

In the Balearic Isles, one of the most active residential markets in Spain, Vía Célere has purchased 9,000 m2 of buildable land on the Island of Ibiza, on which it will be able to develop up to 96 apartments.

“This purchase puts us in one of the most interesting and dynamic zones in the Spanish residential market, given the Island’s current and solid demand for quality homes, which we can expect to remain for the foreseeable future, given the scarcity of available land,” as Juan Antonio Gómez-Pintado, Chairman of Vía Célere, points out.

The asset will be added to a land portfolio that already exceeds 1.4 Million m2 of buildable land.

In the Canaries, where the demand for second homes is one of the main drivers of the market thanks to the tourism sector, Vía Célere will begin its first residential development in the archipelago this year. Specifically, the company will develop 104 single-family homes and apartments on the 10,800 m2 plot of buildable land on the Island of Tenerife that it purchased in 2017.

Source of the news: Expansión

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