Metrovacesa S A : starts the commercialization of Residencial Izar, its new development in the city of Valencia

Valencia, February 15, 2021. Metrovacesa, the leading real estate developer in Spain with more than one hundred years of history, has begun marketing a new project in Valencia city, Residencial Izar, located in the Poblados Marítimos area, in Moreras, just a few minutes from the Port of Valencia and the City of Arts and Sciences.
Residencial Izar, for the development of which Metrovacesa will invest 21 million euros, is a complex of 98 new homes of between 1 and 4 bedrooms, with sizes starting at 51 square meters. The project, which will also include commercial premises, stands out for the quality of its first class materials, with a communal swimming pool, children's play area and paddle tennis court.
This new residential complex also stands out for its location, one of the most attractive real estate locations in the capital, Les Moreres, just 15 minutes from the Malvarrosa and Arenas beaches and with different services very close to this residential complex and excellent transport connections.
The launch of this new project will give a new boost to the development of the Moreras sector, where the company has developed two other housing developments: Residencial Amura and Residencial Avante, which will undoubtedly boost the supply of new construction in the city to meet the increase in demand that has been growing in recent years. With this new project, Metrovacesa also reinforces its commitment to the Valencian Community, a strategic enclave within the company's business plan, where it has 21 active developments and offers more than 1,210 new homes.