offices Market News: Spanish Real Estate Intelligence

Abengoa to Sell 7 Buildings to the Junta de Andalucía for its 'Ciudad de la Justicia'

The current buildings could be adapted within a period of around 18 months and the new buildings could be constructed “in parallel or subsequently”, meaning that the site could be ready by “the beginning of 2023, or we could begin to move in during 2023”, according to the Minister of Justice for the Junta de Andalucía, Juan Marín.

The Palmas Altas technological park is the largest technology-business complex in the south of Spain, with a constructed surface area of 100,000 m2. The project was designed by the architects Rogers Stirk Harbour + Partners in association with Luis Vidal + Arquitectos and promoted jointly between the Town Hall of Sevilla and Abengoa, which occupies two thirds of the complex for its headquarters.

Värde Engages Deloitte to Sell its Stake in La Finca

Three years after acquiring its stake in the La Finca group, the North American company Värde is looking for a buyer for its holding in the company created by businessman Luis García-Cereceda. Värde has entrusted Deloitte to sell its shares in the office Socimi 'La Finca Global Assets', according to El Confidencial and market sources speaking to Brainsre.news.

Funds managed by Värde own 37.78% of La Finca Global Assets, whose majority shareholder is Susana García-Cereceda. Her sister Yolanda, with whom she has been fighting a legal dispute for years, owns 23%, whilst Enrique García-Cereceda controls another 6.89%.

Freo Hopes to Sell its New Office Project in 22@ for €200M

Freo, through its Spanish branch, is going to construct office space spanning 38,000 square metres on a plot that belongs to Miete in the financial district of Barcelona. The German company will invest €150 million in this project and will try to sell it for €200 million.

Freo’s office complex is scheduled to be finished in the second quarter of 2022. The project is going to be built on two blocks separated by a road, with a surface area of 6,700 square metres on one side and 2,400 square metres on the other, according to Idealista/news.