Spain
Amprop’s wholly owned subsidiary, Amcorp Horizon Sdn Bhd (fka Cemara Harapan Sdn Bhd), via a joint venture with Grosvenor Europe, has acquired its first residential development site in Madrid, Spain. 

The 820sqm site is located in Jorge Juan Street, Salamanca district, a sought-after residential and commercial area, known for its quality accommodation and access to some of the Spanish capital’s finest shopping and dining outlets. 

calle de jorge juan
Street view of Calle de Jorge Juan, Madrid, Spain 

The site also benefits from close proximity to the Principe de Vergara Metro Station and Retiro Park, the famous green lungs and one of the main tourist attractions of Madrid.

Award winning Spanish architecture firm Ortiz Leon is designing the Project’s 6 exclusive apartments and a penthouse which overlooks the 350 acres Retiro Park. The Project also includes an underground parking and a 600 sqm private garden.

Apart from the Jorge Juan acquisition, the EUR70 million joint venture also targets to invest in a portfolio of real estate development and value-added projects in Madrid and other cities in Spain.
 

 
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