In 2011 the first housing developments began to rise, and now in Valdebebas and only he has left to sell the famous commercial pill which, under the name of the Ágora Project, includes 145,000 m2 for a large shopping center (although it can also be used to build offices), and another 36,000 m2 tertiary plot.
With 94% urbanized, the Compensation Board is waiting to finish the central park, the famous Calle 51, which borders the city of Real Madrid, and the bridge that connects to T4 to dissolve in three or four years.
Marcos Foncueva, managing director of the Valdebebas Compensation Board, reminds idealista / news that they no longer have debts and that the owners only have left to sell the Commercial Pill, something that, he assures, does not urge them. The sales mandate is held by Savills and he cannot find a buyer.
However, they could get competition in the medium term: Aena will launch the largest urban project in Spain and which consists of urbanizing the outskirts of the main airports in Spain. On some 920 hectares in the surroundings of the Adolfo Suárez Madrid-Barajas Airport owned by Aena, it is planned to use 562 gross hectares to build 2.7 million m2 between aeronautical logistics activity, new service areas, hotel activity and offices. These m2 are equivalent to 10 times the El Retiro park or 4 times the Madrid Nuevo Norte project. However, in the absence of a stable government, this development is still in the air.
AND Madrid Nuevo Norte could also be a threat to Valdebebas, since it also plans to allocate 1.6 million m2 for tertiary use.
Meanwhile, the Compensation Board continues to develop what little remains to be built. Foncueva points out that the famous bridge that connects to T4 at Madrid airport will be ready in less than a year.
The central park is in the processing phase of the modification of the urbanization project. The goal is for it to be ready in about three years. And refering to 51st Street, which borders the Ciudad Deportiva del Real Madrid, has submitted the processing of the Special Network Improvement Plan, but it is still pending approval by the City Council. This plan seeks to relocate the street due to the problems it has had with easement. It has gone from being a street with only one lane in each direction, to having two lanes.
Valdebebas Fintech District
1.2 million m2 of building land for tertiary use. This is what Valdebebas Fintech District occupies. There is still nothing built, but there are projected ideas. The B&B Hotels hotel chain, owned by the PAI Partners fund, will build a hotel and an office building on a plot of the real estate agency Filasa. Trinitario Casanova, president of Grupo Baraka, has also announced that he will build a hotel and offices.
Another of the historical owners of Valdebebas and president of the Compensation Board, César Cort also plans to promote more offices in this business environment, since he owns about 15%, according to sources consulted by idealista / news.
Madrid City Council, the silent owner
The Madrid City Council owns several floors in Valdebebas. Specific, He owns 740,119 m2 of land for endowment and profit. However, you haven’t built anything yet, except for a public school managed by the Community of Madrid and which occupies just over 13,000 m2 of surface, that is, just 2% of the total m2. Meanwhile, Valdebebas suffers from a shortage of schools, health centers or sports areas.
And the Community of Madrid owns a residential plot of 37,000 m2 intended to build social integration housing, in which some 220 floors could be built. However, that parcel is still waiting for the bulldozers to arrive.
Real Madrid, a focus of attraction
The merengue club has had its headquarters in Valdebebas since 2005. It is the largest sports complex ever built by a football club with several training fields, residences for the players and a pavilion for training sessions for the basketball team. The architect Carlos Lamela was the author of the project and Emilio Butragueño was the master of ceremonies on the spot.
It has an extension of 1,200,000 m2. It is ten times like the old Sports City, 40 times bigger than the Santiago Bernabéu, 16 times bigger than the Red Square in Moscow, 2.7 times bigger than the Vatican State and 1.6 times bigger than the City Banned from Beijing.
And Real Madrid has only exploited half of the surface. The other half is empty, although Florentino Pérez has already pointed out on some occasions that his idea is to build a theme park for Real Madrid.
The City of Justice revived
Isabel Díaz Ayuso, President of the Community of Madrid In the bipartite PP- Ciudadanos wants to resume the project of the City of Justice of Madrid, located in Valdebebas, which left a hole of 105 million euros. Of the 12 buildings planned, only one was built, the one that was to house the Institute of Legal Medicine. It has 300,000 m2 of buildable.
For Ayuso, it is a priority as soon as the Supreme Court rules on the appeal filed by the concessionary companies of the City of Justice. This resource is expected to arrive before the end of the year.
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