Cosmani Inmobiliaria has invested EUR 85 mln in the acquisition of a plot of land in the Mendez Alvaro district of Madrid. In a statement, the Spanish group said it intends to develop offices and homes on the site. The plot of land has a build-on area of about 14,300 m2, Spanish website Finanzasa.com has reported.
Cosmani Inmobiliaria has invested EUR 85 mln in the acquisition of a plot of land in the Mendez Alvaro district of Madrid. In a statement, the Spanish group said it intends to develop offices and homes on the site. The plot of land has a build-on area of about 14,300 m2, Spanish website Finanzasa.com has reported.
As of 2006, the company had total investments for EUR 300 mln, the majority of which were in Madrid and eastern Spain. The company entered the German market with the acquisition of an office building last September.