According to various sources, the future company would serve as a vehicle to consolidate the land, urban development rights, and business lines associated with the technology campus . Real Madrid would presumably contribute the land to the subsidiary, which could then manage the land and/or bring in future private partners who could contribute capital, financing, and technical expertise to carry out a multi-billion-euro urban development and real estate project. The project covers an area of approximately 85 hectares located next to Real Madrid's training complex. More than 200,000 square meters will be transferred free of charge to the City Council : around 166,000 will be designated for green spaces connected to the Metropolitan Forest, and the remainder for public facilities related to innovation and technology. The rest of the area is planned for offices, research and training centers, technology companies, and complementary services. Thursday's approval will be initial and will not yet complete the rezoning process. The file will be open for public comment until the end of September and will then have to be submitted to the full City Council for provisional approval, before receiving final approval from the Community of Madrid —with which Real Madrid is also coordinating the project —as reported by El Mundo . The urbanization works could begin between 2028 and 2030, and construction could take place between 2029 and 2035. Calculations based on market sources so far place the potential value of the land, once rezoned, between €350 and €400 million, compared to a previous valuation of around €70 million. This difference would open the door to unrealized capital gains of approximately €300 million   submitted by   /u/SwimmingFireMen [link]   [comments]