Quabit buys land in Malaga for €23.7M

Quabit buys land in Malaga for €23.7M

These residential plots also include a retail plot, representing the majority of the Las Lomas del Flamenco sector, where urbanization work has already started. Quabit will focus here mainly on second homes, aimed at foreigners for the most part.

According to Spanish Real Estate, 30% of the operation will be paid for using shares through a non-monetary capital increase. The remaining 70% will be financed through support from funds advised by Avenue Capital Group.

 

 

 

Photo: El Mundo 

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