Valgrande is an urban development in Alcobendas, extending the town right up to its boundary with Madrid. This innovative and sustainable initiative involves the development of Sector S-1 ‘Los Carriles’, a site that has been classified as ‘sectorised land for development’ for over 15 years.

The development of this sector involves the creation of a new area within the town of Alcobendas and is being carried out through a collaborative urban development body: the Valgrande Compensation Board.

This body was established on 20 May 2021 based on a town planning agreement signed between Alcobendas Town Council and the sector’s landowners, with the aim of promoting this transformation into a new residential area.

Its Governing Council comprises various landowners and two municipal representatives, given the Town Council’s dual role as both the implementing authority and a landowner within the sector. The Board is a “Collaborating Town Planning Entity” of Alcobendas Town Council and its primary role is to manage the distribution of rights and obligations amongst the landowners, transferring to the municipality the public land designated for roads, green spaces and facilities – which account for over 60 per cent of the sector – as well as land for housing, whilst also carrying out all internal and external development works.

Valgrande is being developed by the technical and legal team at Arnaiz, a leading firm in town planning and global property development, in collaboration with the City council’s technical department.