The real estate arm of the construction and energy group controlled by the Entrecanales family plans to invest 100 million euros in the development of a mixed complex consisting of a 115-room luxury hotel and 100 residences with sea views, according to El Confidencial.
The investment also includes the purchase of a 14-hectare plot of land in the municipality of San Roque. The whole project has been advised by TC Gabinete Inmobiliario and has had the approval of the Cadiz town council since last March. It also has the positive reports on the technical conditions of the supply companies and organisations affected.
With this operation, the Entrecanales family consolidate their commitment to the Cadiz coast, where they are already promoting two other important developments: Los Albares, also in Sotogrande, a residential complex of 49 single-family homes with three and four bedrooms, garden and private swimming pool, and Vistahermosa, located near the town of Puerto de Santa María, comprising 104 homes with two to four bedrooms.
Acciona buys Cercadillo's joint development company in Portugal from Cercadillo
Last November, Acciona decided to grow in Portugal. The real estate company signed an agreement with businessman Carlos Cercadillo to buy his share in all shared residential developments in Portugal, which have a business value of approximately 400 million euros.
With the development that Cercadillo promoted in the Portuguese capital five years ago in his first operation in the Graça neighbourhood with a transaction volume of forty million euros, the businessman opened up the Portuguese market to the Entrecanales family's networks. This union dates back to the same year after the management in the central Lisbon neighbourhood.
Acciona is now a global group that develops and manages sustainable infrastructure solutions, especially renewable energy. Its activity covers the entire value chain of design, construction, operation and maintenance. The company achieved sales of 11,195 million euros in 2022, has a presence in more than 40 countries and carries out its business activities under the commitment to contribute to the economic and social development of the communities in which it operates.
