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Ministry of Defence Puts 2 Plots in Madrid & Málaga Up for Auction for €30M

19 February 2018 – Eje Prime

The Ministry of Defence is continuing to divest land in Spain. The government agency has decided to put two more plots up for auction, one in Madrid and one in Málaga, for €30 million. The operation has been published on Addmeet and the auction will take place in April.

The first of the assets is located at number 82 Calle Arturo Soria, in Ciudad Lineal (Madrid). That plot has a surface area of 6,438 m2 and a buildable area of 23,861 m2. The typology of the land, which will go on the market for a price of approximately €25 million, is for equipment, according to explanations provided by sources at the platform for real estate auctions.

The second plot is located in Málaga, in the Hacienda Cabello neighbourhood, and will go up for auction for €4.4 million. The future owner of that land, which has a surface area of 6,270m2, may construct a residential building on the site, measuring more than 8,750 m2.

Last October, the Ministry of Defence sold two residential plots in Madrid. The auction of that land, located in Vicálvaro and Alcalá de Henares, generated revenues of €43 million for the Ministry.

Original story: Eje Prime

Translation: Carmel Drake