NextGenerationEU: Visits the construction site of Residencial Los Rosales

On 13 February, a team from the European Commission Representation in Spain visited the construction site of Residencial Los Rosales, a project of 152 publicly-subsidised rental homes built using industrialised façade, bathrooms and structure that the SALAS Group and Cardoner Group, through Camesa, are developing in Velilla de San Antonio, Madrid. The initiative is part of the third phase of the Vive Madrid Plan, an initiative of the Madrid regional government that seeks to promote affordable housing through public-private partnerships.

During the tour, they were shown the progress of the project, which has recently completed the piloting phase, an essential process in which the structures that guarantee the stability of the ground are installed. In addition, they were informed that starting on Monday, February 17, the placement of the prefabricated walls will begin, pieces previously designed that allow optimizing time and improving efficiency in the construction of the building’s walls.

This promotion is part of investment 2 of component 2 of Spain’s Recovery, Transformation and Resilience Plan (PRTR) and is being supported with more than six million euros of NextGenerationEU funds. This investment is endowed with a total of 1,000 million euros that will be allocated to projects that, like Residencial Los Rosales, build social rental housing in energy-efficient buildings before June 30, 2026. In addition, in the 2023 PRTR addendum, the ICO Social Housing Promotion line was included, a financing instrument deployed by ICO worth 4,000 million euros, financing construction or rehabilitation projects of buildings intended for social or affordable rental housing, efficient from an energy point of view.

The Commission welcomes the construction of this type of housing and hopes that projects such as Residencial Los Rosales will help alleviate the housing problem facing Spain, especially the deficit of social housing, which stands at around 2.5%.

More information European Commission.