Wednesday, 15 October 2014

Madrid is ahead in the slow return of construction

The landscape of Madrid has changed remarkably in recent weeks. The surroundings of Las Tablas, Valdebebas Sanchinarro, Campo de las Naciones or near the Castellana most central locations again sees dozens of cranes.

Is this the return of the edification to the Spanish capital?
Maybe it's early to say, but it is getting a clear reactivation. The largest construction firms have relocated their posters in prominent places calls to host the new headquarters of the Banco Popular, the future hospital in Madrid of the University Clinic of Navarra, the Museum of the Royal Collections or dozens of housing developments. Meanwhile, through the final stages of building the flagship project of Vela, which will host the headquarters of BBVA.

Are also produced news for the future development of the stadium Vicente Calderon, paralyzed in court; OHL is awaiting new permits to rehabilitate the area Canalejas a new shopping center and luxury hotel, and the economic recovery could be reactivated for the Chamartin operation. It is carried on the new stage of Peineta and eventually will be remodeled Santiago Bernabeu (startup, budgeted at 400 million, expected for summer 2015).

The crisis made them stop listening to the concrete mixers in the city and just a bunch of flagship projects have surfaced in recent years of economic agony. Were inaugurated the headquarters of Telefónica, Repsol and FCC; in late 2011 the new 27-storey tower of El Corte Ingles on the old building Windsor (300 million investment), and little else was released.

Drought in new building permits has proven in recent years with real estate operations and consolidated buildings. Some acquisitions responding to the greed of investment funds and seeking fortunes off buildings with premium areas of the city. Highlights buying Torre Picasso by Amancio Ortega ($ 400 million) in the last days of 2011, or the acquisition of the building by the Chinese group Spain Dalian Wanda (265 million) this year.

BBVA's decision to launch the works of that building the Vela, with a total budget of 900 million (including land purchase)  could mark a turning point for the construction of houses and unique buildings in the city.

Madrid City Council took stock of building activity until the end of August and the data speaks resuscitation on 2013 figures extremely poor. The council has issued 2,741 licenses for the construction of new housing, a figure that is 35% above a year ago of the declared.

The official forecast for the current rate, is to close the year with 3,400 licenses for new construction in Madrid, which translates data according to the municipal officers, in a € 258 million investment and the creation of nearly 11,000 jobs . The reading taken from the session that runs Ana Botella talking about a symptom of economic recovery.

New Clinic of Navarra Hospital near the airport
The University Clinic of Navarra plans to open its hospital in Madrid in September 2016 was settle on a plot of 45,000 square meters, at kilometer 7 of the A2, between Campo de las Naciones and Calle Alcalá.

The medical center will have 30,000 square feet of above ground and 6,000 square meters dedicated to parking. The design is the architectural ACXT of Idom group and earthworks have been led by OHL.

Unlike the polyclinic that the entity has in Plaza de Castilla, the new center will allow the hospital admission. Exporting the concept of clinical Pamplona to Madrid seeks to attract patients from other parts of Spain and even abroad.

The areas of expertise are oncology, women, cardiovascular and high-resolution diagnostic. Will have six operating rooms, 60 beds and the latest equipment to detect cancer.

New hospital
Since the turn of August grading machines have worked in a plot of over 30,000 square meters in from Madrid for the N-2 . The hospital is located near the airport and fairgrounds area of Campo de las Naciones. The posters does not appear some information, but there OHL is preparing the ground for the University Clinic of Navarra lifts it's first hospital in Madrid. Cutting the ribbon of this specialized in the detection and treatment of cancer center is expected in two years.

On barely 700 dredged meters (ACS) levanta ya the new headquarters of the Banco Popular on nearby land for occupying the technological headquarters Abelias (52,500 square meters on six floors), which opened in 2013, in which about 1,500 people work. The new opening is scheduled for 2017 and the building will house about 3,000 employees. The design, by architects Ayala, has 123,000 square feet (78,000 underground). It will include shopping, childcare and fitness center, among other facilities. The construction of the ACS group is also responsible for implementing the new museum of the Royal Collections, 40,000 square meters in the Royal Palace complex.

Another of the Ibex 35 companies, Sacyr has abandoned their own promotion for their own realtor Vallehermoso, but for others rebuilds: 148 homes on the Avenue of the Villages, other Veldebebas 54 and 80 in Carabanchel, among other promotions both within and around Madrid totaling more than 500 homes and investments that reach 60 million. As for rehabilitation, Sacyr improves a building of the Ministry of Economy in Castellana 147, built the research building La Paz hospital and builds clinic of the CUO European University, among other projects.

La Vela, a town of 6,000 employees

  • BBVA is gradually shifting its workforce from headquarters to the new headquarters in northern Madrid, particularly in Las Tablas. There are now more than 2,000 workers in the City BBVA La Vela or complex. The figure will reach 6,000 in the first half of 2015.
  • The elliptical tower designed by the Swiss firm Herzog & de Meuron, and built by Acciona, is 93 meters high as the Statue of Liberty in New York.
  • The complex will have 114,000 square meters.

Signs of slow recovery
Macroeconomic prospects BBVA and Bankinter sighted growth in the local construction market in 2015.

From the construction sector is insisted on the revival of public works and the proper upkeep of existing infrastructure as a driver of employment and development. The slow economic recovery does not accompany these widespread desire among builders and materials manufacturers.


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