Today the city of Tres Cantos is cutting the ribbon on the initial phases of the Nuevo Tres Cantos housing estate, including practically all estate's residential areas. Nuevo Tres Cantos, developed by FCC Construcción, is one of the biggest urban developments being built in the Community of Madrid today. It will be home to about 25,000 people when it is finished.

The opening ceremony was attended by Ana Isabel Mariño Ortega, city councilwoman for the Environment and Land Planning; Jesús Moreno García, mayor of Tres Cantos; José Mayor Oreja, chairman of FCC Construcción, and other company representatives.

Over 200 million euros are being invested in developing what is known as "the Nuevo Tres Cantos Sector". This 329-hectare zone is located north of Tres Cantos. Plans are to build about 7,000 homes, 60% of which will be developed by FCC, plus areas for industrial, tertiary and public use.

So far FCC has finished the first six lots, which cover a total of 1,122 housing units. A thousand of these units are set aside for young people to rent with the option to buy. These units (two-bedroom flats with a maximum area of 70 square metres per flat) are part of the Community of Madrid's Young Housing Plan.

Another ten lots are currently under construction, containing a total of 1,236 units. They are scheduled to be completed sometime in 2013. Permits to build another eight lots, nearly 500 units, have been secured already, so pre-building arrangements there are nearing conclusion. The last leg of the plan will end with another four lots (312 units), still in the permit application process, and the final 16 lots (a total of 745 units), which are still being marketed.

The Tres Cantos City Council granted FCC Construcción the administrative concession to manage and develop the land in 2005. Construction, which began in 2007, has become thoroughly consolidated, with more than 4,000 housing units already under way.

Construction has also begun on some of the area's tertiary facilities. There is a vehicle inspection centre, which will be managed by Atisae and is scheduled to open in November 2012, and a major food distribution chain is laying plans for a supermarket. In addition, the final arrangements are being made for a permit to start soon on the construction of TV City.

Sometime in 2013, when the work now under way on the two new connections with road M-607 is finished, the entire estate will be considered open.

FCC's experience in developing land and building homes

In 2011 FCC Construcción was involved in developing and building infrastructure for a total of 1,203,715 m2 of land and more than 16,300 homes, in addition to 975,205 m2 of retail and parking space.

In Madrid FCC Construcción has participated in the Moscatelares development project in San Sebastián de los Reyes; Las Tablas Development Action Programme II, 3; the development work in phases 1 and 2 of Montecarmelo Development Action Programme II and the northern Parque de Valdebebas development. FCC also did the redevelopment work in the Montmar sector of Castelldefels for the Barcelona City Council, and it built and developed Gran Vía and Plaza Europa in L'Hospitalet (which won the 2009 Construmat award). The Citizen Services Group also built Á Laracha Business Park in La Coruña and Bobes Business Park in Asturias.