Engel & Völkers Licence Partner Vilamoura > Blog > Engel & Völkers Development Spain buys first project

Engel & Völkers Development Spain buys first project

The expansion of Engel & Völkers continues. The Spanish real estate market, strategically important for many years already, has recently seen the addition of two new business segments: Engel & Völkers Development and Engel & Völkers Capital. Both have already proven successful in Germany. “Having established these business segments on the German market, the logical next step is to expand into Spain, the second largest market for Engel & Völkers. We’re confident we can effectively apply our know-how here as well,” says Christian Völkers, Founder of the Engel & Völkers Group.

 Vilamoura / Algarve
- Engel & Völkers Development expands to Spain. The goal: to use investments for opportunities and to contribute to economic growth.

Engel & Völkers Development now also in Spain

The new segment Engel & Völkers Development specialises in the development and realisation of construction projects. Tailored concepts form the foundation for implementing these projects – from acquisition of a property to procurement of planning permission, right through to completion of the construction work and brokerage of the property. The focus of building initiatives is on sustainable residential, commercial and logistics real estate. Engel & Völkers Capital, on the other hand, is an independent investment and asset management company. It is focused on project financing of construction projects and land plots for contractors and project developers, in the form of special institutional funds. The aim is to make targeted use of investments, to manage these investments and contribute to general economic growth.

First project: “Villa Verde”

The team headed by Ricardo Grañón Avilés, Managing Director of E&V Development Spain, has already acquired its first project. The logistics project “Villa Verde” is located near the A-4 motorway (Carretera de Andalucía), one of the most important industrial and logistics corridors to the south of Madrid. The plot is practically unique in the greater Madrid metropolitan area. Spanning 29,209 square metres in total, it offers 20,000 square metres of construction space for the new property. Plans have been drawn up for a modular, state-of-the-art warehouse. Flexible ground plan layouts will mean that the number of tenants accommodated will be variable. Beyond this, the complex will feature modern interiors, have a high operational and maintenance efficiency, and form an attractive workplace for employees. “We’re proud to be launching our operations on the Spanish market with such a dynamic and modern project as ‘Villa Verde’,” says José Antonio Ruiz-Berdejo y Sigurtà, (Head of the Investment Advisory Board Spain). “Villa Verde” is being financed from private equity injected by external shareholders, as well as by Engel & Völkers Capital Spain, for which this transaction is its first investment.

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