PORTFOLIO: FUND III
Playa San Juan (Alicante)
13,500 sm fully permitted land for apartment development in Alicante
ASG’s Fund III acquired a well-located plot of land in Playa de San Juan, Alicante from a distressed seller. ASG is partnering with an experienced Alicante based developer who has a long-standing relationship with the ASG Iberia team.
The land is fully permitted to develop 206 apartments, with a large common area for swimming pools, sports areas and gardens. The project appeals to both the local Alicante market as well as second home buyers in Madrid and the rest of Spain.