(Information sent by the signatory company)
Madrid, January 9, 2024. The unique and, to date, last major urban regeneration project for the city of Madrid, in the Mahou-Calderón area, is now a reality. The new and avant-garde residential complex in the center of Madrid sees the works of the different developments in the area culminate.
And among these developments, River Park I and II, Gestilar's developments in this exclusive space, previously occupied by the Vicente Calderón stadium, have reached completion and delivery, adding up to a total of 383 homes for both sale and rent.
Both projects have been developed by the promoter, founded and chaired by Javier García-Valcárcel, for the Azora fund and have involved a total investment of more than 150 million euros together. The 223 homes in River Park I have been destined for sale to end customers, while the 160 homes intended for rent in River Park II have been acquired by Abrdn for later putting on the market.
The unique attractiveness of this project lies in the combination of the best location in the area - on the first line of the Madrid Río park - with the careful architecture and design of the projects, to which are added excellent qualities with extensive common facilities that include , among other equipment, gym and swimming pool.
The project is equipped with the BREEAM GOOD certification, one of the most prestigious international seals in terms of sustainability, which guarantees buildings and homes with declared efficiency in terms of energy consumption, in line with Gestilar's corporate values that They include the maximum respect for the care of our surroundings and the environment.
River Park has been designed according to eco-sustainable criteria. Thus, the homes will have Energy Rating A, which means a reduction in CO2 emissions and a significant reduction in the building's energy demand.
The River Park development is configured as an important lever for the revitalization of the Calderón area. The River Park complex is located in front of Madrid Río, the green lung of the city with a green surface of more than 232,000 m2. Its unique living environment makes it possible to inhabit a natural space without giving up the services and privileges that the city offers. The development has among its facilities exclusive community facilities that include paddle tennis court, swimming pool for adults and children, swimming lane, children's area, community room, work space, gym or garden areas, among others.
Designed by the prestigious Touza Studio, River Park has been designed to respond to the needs of an increasingly demanding buyer accustomed to new trends who demand practicality, sustainability and top quality finishes. Its modern design and avant-garde architecture present spacious, bright and functional spaces. All homes look outside through windows with high thermal efficiency carpentry and glazing; Most of these apartments have a terrace in direct and continuous transition from the living room, guaranteeing maximum enjoyment and comfort.
With the completion of River Park, Gestilar has contributed to one of the most ambitious urban rehabilitation projects in Madrid, which has involved the transfer of the Vicente Calderón Stadium to a location with easier access and mobility and the recovery of this environment as a new residential space in the center of the city that enjoys a privileged location and everything that Madrid Río offers.
For Raúl Guerrero, CEO of Gestilar, “with the completion of our River Park developments, our participation in the Mahou-Calderón environment culminates, one of the most ambitious plans from an urban planning point of view for the city of Madrid. We feel enormously proud to have had the opportunity to be part of an urban regeneration project like this - which also involves the extension of the emblematic Madrid Río - which, due to its uniqueness, will not be repeated in the short or medium term and, therefore , is a professional challenge as well as the dream of any promoter. ”
GESTILAR is a group of companies founded in 2009 based on a deep knowledge of the real estate promotion of new construction homes. This being its core business, Gestilar's wide range of real estate services also includes Build To Rent (BTR) promotion, promotion under the cooperative model with Cooper by Gestilar and a proptech, whose business consists of the purchase, renovation and sale of homes. already built called Homes by Gestilar. Additionally, in 2019 he created his own construction firm.
Gestilar develops its homes under the premises of sustainability, design, quality, customization and innovation. This is how it defines a final product located in the most exceptional locations, where special care is taken in details and execution, achieving the highest quality as demonstrated by the more than 6,000 homes designed and delivered that guarantee its trajectory. They have offices in Madrid, Galicia, Catalonia, Andalusia, the Balearic Islands and Lisbon.
For more information:
Virginia Chicharro Martinez