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Ares Culmia Will Build The First 4870 Homes Of Plan Vive

BySam Brad

Sep 15, 2021

The Ares fund and the promoter Culmia have been awarded (provisionally) the first three lots of the first phase of Plan Vive , the commitment of the Government of Isabel Díaz Ayuso to facilitate access to housing . They will involve the construction of 4870 public housing units on 35 plots spread over ten municipalities in the region. The total investment will amount to 700 million euros .

The candidacy led by the Ares Management fund has been awarded lots 1 and 2 in which a total of 3,643 affordable rental homes will be built. The Ares fund will act as the investment group and the main protagonist; While Aedas Homes will be the manager, that is, it will ensure compliance in time, budget and qualities of the project. The construction of the houses will be the responsibility of Grupo Sanjose.

For its part, lot 3 has been awarded to the developer Culmia, which will build 1,763 floors. “We are committed to facilitating access to affordable housing through different measures, ” said the Regional Minister for the Environment, Housing and Agriculture, Paloma Martín, who also stressed that the Live Plan is “a clear an example of this and one of the most ambitious rental projects in Europe launched by the Government of Isabel Díaz Ayuso “.

In addition, he pointed out that this initiative “is a clear commitment of the regional government so that young people from Madrid, who are those who have the most difficulties, have more access to housing and, in addition, at affordable prices.”

The lots
Lot 1 has a maximum of 1,769 homes spread over eleven plots located in the municipalities of Madrid, Torrelodones, Alcalá de Henares, Colmenar Viejo and Getafe.

Lot 2 represents a maximum of 1,874 homes distributed in twelve plots located in Madrid, San Sebastián de los Reyes, Tres Cantos, Torrejón de Ardoz, Móstoles and Alcorcón.

The last lot involves the construction of a maximum of 1,763 homes on 12 plots located in the municipalities of San Sebastián de los Reyes, Tres Cantos, Alcorcón, Alcalá de Henares and Getafe.

Measures for access to housing
In addition to the Live Plan, the regional government develops other actions in this area, such as My First Home, an aid program for those people who, being solvent, do not have enough savings to pay for the entry of their first property. In this case, the Community of Madrid will provide up to 20% of the value of the home .

Likewise, the Young Rent Plan is a program that was born in 2008 with the aim of improving the conditions of access to the rental market for young people under 35 years of age, at the same time as improving the legal security of tenants in situations of non-payment or incorrect uses of the houses.

It allows landlords who sign these rental contracts to benefit, for two years, from a non-payment of rent insurance, in addition to having legal assistance, through the Intermediation Program of the Rent Plan , with all the guarantees that it entails.

Along with this, the Community of Madrid is also going to expand the park of protected housing with 1,741 additional ones and to convert commercial premises of the Social Housing Agency into buildings for vulnerable groups.

Sam Brad

The Great Writer and The Passionate Poet As Well, He Graduated from University Of Florida in Journalism and Brad have around 12 years of experience in news and media section.

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