ActivumSG Iberia Fund I, which is focused on the Spanish market and managed by ActivumSG Capital Management, is planning to invest €82m to acquire and develop a 2.2 ha site in Alcalá de Henares into a residential housing project. The scheme will include 450 apartments with underground parking and amenities like a communal swimming pool. Construction is scheduled to start in the second half of 2017. Located 35 km northeast of Madrid, Alcalá is renowned for having one of Spain’s largest and oldest universities, while its medieval center is a tourist attraction with UNESCO World Heritage status.
