A new ambitious project is launching in the municipality of Tres Cantos, located in northern Madrid: Realia has entrusted its parent company, construction giant FCC, with building 47 modern homes. The deal is impressiveββ¬15.3 million. The decision followed a competitive selection process involving four experienced developers specializing in residential projects in the area.
Realia, known for its large-scale developments in the capital region, has officially notified the National Securities Market Commission (CNMV) of the contract. The reason is the companyβs unique ownership structure: both companies are controlled by Mexican billionaire Carlos Slim, which requires additional transparency and a fairness assessment of the deal for all shareholders.
Selection process
Project licensing took place in a highly competitive environment. Realia invited four construction companies, each of which had previously carried out similar projects in Tres Cantos. Ultimately, the best offer came from FCC, which not only proposed the most attractive terms but also had experience working on earlier phases of this residential development.
The company notes that FCC successfully completed two previous phases of construction in the same area, which was a key factor in selecting the contractor. The quality of work and adherence to deadlines in earlier stages were highly valued by both the client and future residents.
Internal oversight
The issue of transaction transparency did not go unnoticed. Realiaβs Audit and Control Committee thoroughly reviewed all proposals and concluded that the contract terms meet market standards. Particular attention was paid to the interests of minority shareholders not directly connected to the main owners.
The official statement emphasizes that the contractor selection process was as open as possible, and the final cost of the work reflects the real situation in Madridβs construction services market. According to the management, this approach guarantees fairness and protects the interests of all parties.
Madrid Housing Market
Tres Cantos is one of the fastest-growing suburbs of Madrid. New residential neighborhoods are being actively developed here, and demand for modern homes remains consistently high. Projects of this scale serve as a litmus test for the entire market: they demonstrate how major players interact and what mechanisms are used to ensure transaction transparency.
Experts note that the involvement of companies like FCC and Realia helps build trust in the real estate market. Large investments and strict project oversight serve as a guarantee of quality and stability for future homeowners.
Financial Details
The contract amount β β¬15.3 million β covers not only the construction of the homes themselves, but also landscaping of the surrounding area, creation of infrastructure, and completion of all necessary engineering works. According to preliminary estimates, construction is expected to be completed within the next two years.
Realia emphasizes that the project is financed through a combination of its own funds and outside investments, with all stages of work overseen by independent auditors. This approach is intended to minimize potential risks and ensure fulfillment of all obligations to future residents.
Opportunities for buyers
The new homes in Tres Cantos are designed for families seeking comfort and a modern lifestyle in the suburbs of Madrid. The architectural solutions and layouts are based on the latest trends: energy efficiency, environmental sustainability, and suitability for families with children.
Potential buyers are already showing interest in the project, despite the fact that official sales have not yet begun. Market analysts predict high demand for these properties, given the limited supply of new homes in the area and the developer’s reputation.
In case you didn’t know, Realia is one of Spain’s leading development companies, specializing in residential and commercial real estate. Founded in 2000, it is part of the FCC group, which is controlled by Carlos Slim. FCC is the country’s largest construction holding, implementing projects worldwide, including infrastructure, residential complexes, and commercial buildings. In recent years, both companies have repeatedly been involved in major real estate deals in Spain.
