Montebalito and Grupo Altosa invest €9M in a residential project in Madrid

Montebalito and Grupo Altosa invest €9M in a residential project in Madrid

Montebalito and Grupo Inmobiliario Altosa have started construction work on one of their star projects in the residential area in the capital, Residencial Quintana. It is a group of 37 homes located in the Ciudad Lineal district, on the axis of Alcalá and Arturo Soria streets.

For the development of this project, Montebalito will invest around nine million euros. The construction works, which began in August at the hands of the construction company Valdivia, are scheduled to be completed within 18 months.

The development consists of 37 high-rise homes with 1, 2 and 3 bedrooms with large terraces. The project is completed with the construction of 70 parking spaces, storage rooms and recreation areas with a community pool and games area.

This complex is built on a plot of 1,217 sqm in which 3,261 sqm of built surface are distributed above ground and 2,400 sqm below ground.

This development is part of Montebalito's business plan, focused on residential development in Spain. To this end, the company plans to build 300 homes in the next five years in the main provincial capitals.

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