With a gross development value of approximately €22million (£18.7 million), Merian comprises 54 high-end terraced modular homes made of precast concrete and will be built and delivered in three phases this year. Designed by a renowned Spanish architectural firm, the modules are being produced and fully fitted out at the purpose-built facility of a leading modular manufacturer located 40 minutes south of Madrid.
"We put the success of Merian I down to our exacting standards for design and execution quality, and a growing interest in factory-built homes in Spain.Although offsite construction is a nascent industry here, we have found our customers to be well-versed in its advantages - they want to move into their homes faster, they are looking for the quality that comes from a precision build, and they want a home that was built in a sustainable way and offers long-term value. So offsite is a perfect match for their needs. We put nine units on the market before Christmas, at a starting price of €370,000 (£318,000), and we sold all of them in two months. This clearly indicates that the Spanish market is ready for modular - Merian II is now on the market and selling well."
Each Merian house is comprised of six modules and has an average floor area of 197m2 (2,120ft2) on three levels, with options for three or four-bedroom layouts. The homes feature open-plan living spaces and high quality, minimalist finishes that appeal to discerning homebuyers. The architectural concrete facades were designed based on the manufacturer's years of experience and have been optimised for quality and durability while simultaneously reducing materials and labour costs.
From start to finish, the total build time per house is eight weeks, with setting taking place over a two-day period, and then three additional weeks for hook up and landscaping. "Over the next 18 months, we will be launching several more offsite developments here in Madrid and in Costa del Sol, with a total of over 160 units, said David Martinez, CEO of AEDAS Homes. "By 2022, modular should account for 10% of our total deliveries."
The Spanish homebuilder, which targets the mid to mid-high end of the residential market, operates in five major regions: Madrid; Catalonia; Mallorca, Valencia and Alicante; Malaga and Costa del Sol and Andalucia. With nearly 3,400 units currently under construction, the company will deliver over 3,000 new-build homes in 2019 and 2020.
For more information visit: www.aedashomes.com/en
