Capstone
Residual land-value model
IE MRED 2026
UZP 02.02 · Vicálvaro · Madrid
A residual land-value model for the densification of the ALMA site — the land value it creates, how the land is distributed, and what the city gets.
€1.75 bnresidual land value
+€943 mcreated · ×2.2
31,512homes
+€2.78 bncity · net 30 yr
ALMA · UZP 02.02 · Vicálvaro, Madrid

Capstone Dashboard

A densification proposal for ALMA, modelled end-to-end: the residual land value it creates, how the land is distributed, and what the municipality gets. All figures flow from one model.

Residual land value
€1.75 bn
proposed · phased density 0.80 / 1.05
Value created
+€943 m
×2.2 vs uniform baseline 0.39 (€803 m)
Homes · residents
31,512
≈ 72,477 residents · 29,470 /km²
Municipality · net 30 yr
+€2.78 bn
incl. public-asset value
The model · three views
01 · Land value

Residual land value

GDV − construction − urbanisation − Junta fee − 25% margin, per phase. Adjust density & affordable mix; the land value recomputes live.
€1.75 bnOpen →
02 · Land distribution

How the land splits

Developable vs green reserve, the 0.50×GFA public cesiones (green · social · transport · connections) and the buildable plots (solares) left for sale.
0.50 × GFAOpen →
03 · City view

The municipality's P&L

The same densification seen from the Ayuntamiento — revenue, OPEX and CAPEX over 30 years, netting to the public bottom line. Population computed from density.
+€2.78 bnOpen →