The dynamism that the real estate sector can bring to the economy is undeniable. All the positive effect (direct and indirect) of this type of investment is reflected very quickly in society. For this reason we cannot help but celebrate any real estate investment in Spain.

Despite all the restrictions that the pandemic has imposed on the various economic sectors, the evidence of the interest that investors show to participate and promote projects in this area is extremely comforting.

Kronos invests 14.5 million in a plot for apartments in Platja d'Aro

Precisely one of these pleasant news comes from the Kronos Group, which recently announced the completion of a project where it injected 14.5 million euros to carry out an important large-scale residential project .

This first amount only corresponds to the acquisition of the land where the residential complex will be built, which comprises some 110 luxury units that in the end will mean a total investment of 42 million euros.

The creation of Kronos dates back to 2014 and has focused its operations predominantly in Spain and Portugal, serving and promoting residential, commercial and recreational projects.

Anchored in the Costa Brava , this project has had to opt for the depth of the beach to make the most of the available space and nestle this complex in the middle of the sea, which will undoubtedly have great appeal for future owners in the area.

And although Kronos was founded in 2014, it has a great track record in terms of number of transactions and units actually built. More than 16 million euros add up to the transactions in which it has been participating since then, surpassing 70,000 developments in the real estate sector.

5000 "build to rent" homes

During the onslaught of the pandemic in 2020, Kronos did not sit idly by, as it achieved an interesting alliance with the investment consortium Nuveen to carry out an ambitious project of flats dedicated to rent in various strategic points of the peninsular territory.

The proposal includes the development of 5000 homes scattered in various locations and which will mean an investment of close to 1000 million euros . They will start in Valencia, Madrid, Córdoba and Tarragona, where between 120 and 600 floors will be grouped exclusively for such purposes.

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This is how we see that real estate investment in Spain has a special attraction for capital in search of opportunities for profitable placements. The facilities for investors are an incentive to attract large-scale development projects and intentions, all of which bodes well for the national economy.

Likewise, projects based on build to rent offer an opportunity to diversify possibilities to the demands of houses that can be of different nature. It also offers options to groups that wish to reside for specific periods of time, either for work or study reasons.

Investor interest

Not for nothing, real estate investment funds increasingly take into consideration financially supporting projects and promotions in the real estate sector throughout the territory.

These sources of capital are always very attentive to events and trends in the real estate market, so the fact that they are interested in the projects that are promoted in Spain is a very favorable thermometer.

Real estate investment in Spain continues with the strength that characterizes it, and from the news that we see daily in the sector we realize that it has been quite discreetly affected by the entire health issue of Covid-19; but in essence it continues with projects of great interest.

As long as seriousness is the hallmark of real estate promotions, the Spanish real estate sector will have fertile ground to receive both projects and investment capital that support the sector.

This is a very important and not negligible impulse to prop up the economy of any country, so we must encourage this premise of excellence to last over time.

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