Madrid Nuevo Norte developer to auction first land plots for 200 homes in November

The developer of Madrid Nuevo Norte, a major urban regeneration project, will hold its first land divestment in November, auctioning two 4,000 sqm plots at a starting price of €3,500/sqm. This marks the initial monetization of the project, signaling progress in one of Europe's largest urban developments. The auction outcome will gauge developer appetite and set a benchmark for future land sales.