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Serprocol buys terrain in Madrid for €3M
18 November 2019 | Vanessa Sousa

A terrain located Northeast of Madrid was acquired last week by Serprocol for 3 million euro.

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The asset is located at number 10 Calle José Basbastre in the Spanish capital, where Serprocol plans to develop a 5 floor building which should host 26 dwellings with three rooms each and a garage.

American Stoneweg was chosen by the co-ops management company to finance the project, according to Eje Prime last week.