Developer in EUR 94 mln Madrid project

The Fadesa Group from Galicia in Northern Spain has continued its drive into the Madrid area through a EUR 94.5 mln residential project in the satellite town of Villanueva de la Cañada. The scheme comprises 276 homes in a complex covering 201,197 m[sup]2[/sup]. Fadesa said 174 homes are semi-detached single-family homes and the other 102 are flats, of which 41 are subsidised housing. The company has already developed more than 5,500 homes in Madrid and the surrounding area.

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