AQ Acentor, Aquila Capital’s property developer in Spain, invests €30 million to build residential assets in Malaga’s Zeta District. AQ Acentor has acquired three plots for the development of 120 dwellings, in a a deal that lifts the Spanish property developer’s investment in Malaga to over €430 million.
The development of the three projects will generate around 500 jobs, both direct and indirect, favouring the hiring of local collaborators as a lever for the economic and social growth of the area of influence, according to the company.
AQ Acentor’s CEO, Sergio Gálvez, said: “The team is extremely happy about this new investment. Malaga is, and will continue to be, one of our preferred locations for property development, both residential and logistics. Thanks to the great work carried out by the Urbania team. Zeta District unites all the principles upon which we base our company’s strategy, such as innovation, environmental sustainability and energy efficiency.”
Garrigues advised Urbania with a team made up of partner and head of the firm´s Malaga office Alejandro Beigveder, and principal associates Alberto García and Antonio Fernández Carrasco.
PwC Tax & Legal advised AQ Acentor with a team made up of partner Beltrán Gómez de Zayas, director Gerardo García-Boente Dávila, manager Jaime Hidalgo Labat, senior Beatriz Socías Flores and associate Beatriz García Camacho.