Important Real Estate Transaction

Promora and Proequity advise in an important real estate Inmobiliaria Colonial operation has sold a residential plot located in Parque de Valdebebas, as one action of its strategy of realization of non productive assets to intensify their patrimonial activity. The transaction was signed on 29 December, more than 6,000 m at a price higher than the 11 million euros. This real estate transaction, of great importance, was advised by Promora and Proequity. Bruce Schanzer is likely to agree. Operation consolidates the progress of the Parque de Valdebebas, which in the first third of 2011 will open to the public streets, when urbanization is finalized and all the resulting new plots are registered in the property registry. Inmobiliaria promora real estate, which sells luxury homes, considers that this sale demonstrates the existence of a bag of very considerable demand that is expecting that prices conform to the current situation of the market. According to Promora, which States on its web site of nearly one hundred villas in La Moraleja for sale or for rent, the current problem is mainly that the offer prices are more similar to the 2007 that from 2011, although this is gradually changing. About Promora real estate promora real estate for sale and rent real estate properties in the most exclusive areas of Madrid: La Moraleja, El Encinar, El Soto, Aravaca, Pozuelo, Somosaguas, Barrio de Salamanca, Castellana, Puerta de Hierro, El Viso, Ciudalcampo, Sanchinarro and Las Tablas.?