Valgrande is an all-new balanced and sustainable urban development that completes the city of Alcobendas up to the border with the city of Madrid. This action is being undertaken by Section S-1 “Los Carriles” and involves the creation of a new neighbourhood within the city.
Section S-1 “Los Carriles” is being developed through a compensation system with the Valgrande Compensation Board responsible for the completion thereof.
The Alcobendas General Plan Section S-1 Compensation Board was constituted on 20 May 2021 based on an Urban Planning Agreement signed by and between the City Council and most of the owners of the lands included in the Section so they themselves could engage in the urban transformation work to convert the current land into a new residential neighbourhood.
The governing board is comprised of various owners and a municipal representative.