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New Stoneweg’s residential tower is on the market
21 May 2019 | Vanessa Sousa

Two new towers destined for the housing market will be built in the Spanish capital by Swiss fund Stoneweg. One of them will lease its 300 dwellings and is for sale for 130 million euro.

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There are already at least two companies interested in acquiring this future tower, according to El Confidencial this Monday. One of them is asset manager Ares, which has been betting on this market. The other is American group Greystar, specialised in student residences. The negotiations are advanced and, according to the same newspaper, this operation should be advised by consultant CBRE.

These 26 floor buildings will be constructed on a 40.000 sqm terrain located at number 260 Paseo de la Direción in Madrid. The other tower – which will also be able to host 300 families – will be destined for the direct sale segment, with each sqm costing 4.500 euro, according to the same newspaper.