Acciona Buys 85,000 m2 of Land in Cádiz to Build a Hotel and Homes

The company has purchased 85,000 square metres of land from the company Big Blue for around €20 million and plans to invest €60 million in the project in total.

Acciona Inmobiliaria has purchased 85,000 square metres of land with a buildable surface area of 40,000 square metres on the beachfront in Puerto de Santa María, Cádiz from the company Big Blue. According to industry sources, the company has disbursed €20 million for the plots, whilst the total investment in the project could exceed €60 million, according to El Confidencial.

This is the first major land operation to be signed in Puerto de Santa María for years. And it has been closed, after more than a year and a half of negotiations, in the midst of the coronavirus crisis.

Madrid Puts 26 Municipal Plots up for Sale for the Construction of 2,000 Affordable Rental Homes

These public plots, which span a buildable surface area of 151,651 square metres, will allow for the construction of more than 2,000 affordable rental homes.

Madrid City Council’s Urban Development team is going to put out to tender a total of 26 municipal plots, grouped into five lots on the basis of their building characteristics and locations for award under the land rights regime. These public plots will allow for the construction of more than 2,000 affordable rental homes, according to reports from idealista/news.

“It is the first time that a public administration in Spain is going to intervene in the rental market like this, which will contribute to a decrease in prices”, say sources from the Urban Development team. In total, the plots span a buildable surface area of 151,651 square metres and are distributed in 11 districts: Arganzuela, Carabanchel, Ciudad Lineal, Fuencarral-El Pardo, Hortaleza, Latina, Moncloa-Aravaca, Retiro, Villaverde, San Blas-Canillejas and Usera.

Land Prices Could Fall by 30% Following Coronavirus

On average, prices could fall by between 5% and 6% in 2020 in the worst of the post-crisis scenarios, according to the consultancy CBRE.

The scenario of price decreases in the market for land is highly conditioned by the duration of the recovery from the pandemic, and the depth and form of the economic crisis itself. However, they could fall by between 5% and 6%, on average, during 2020 in the worst-case scenario, according to estimates by the consultancy CBRE.

In fact, the College of Notaries has already detected that the average price per square metre of land operations in February stood at €187, which represented a decrease of 6% in interannual terms.

Aena Asks Willis to Move Onto Land Next to Jerez Airport

Aena has asked Willis Lease Corporation to move its maintenance and scrapping plant in Jerez onto land near the airport, but which does not belong to the semi-public state company. Aena would bear the connection costs between the land and the airport’s runway.

After the threat made by Willis Lease to the Andalucían Government that it will leave the autonomous region and move to another country, Aena has asked the North American company to move its maintenance and scrapping plant in Jerez onto land near the airport, but which does not belong to the semi-public state company, according to the Diario de Jerez.

Aena would bear the cost of connecting the land to the airport runway by building a taxiway. And by way of example, it points to Airbus’s facilities at Sevilla airport, which are located outside the airport itself and which are accessed through independent access across land that Aena itself gave up.

Panettoni Makes its Debut in Spain with a Logistics Project in Guadalajara

The US company has purchased land from the investment fund Bain, a shareholder of Habitat Inmobiliaria, in Torija (Guadalajara) for its first project in the country.

The US company has purchased land from the investment fund Bain, a shareholder of Habitat Inmobiliaria, in Torija (Guadalajara) for its first project in the country.

On the plot, the company is planning the at-risk construction of an industrial park spanning more than 28,400 square metres, including 28 loading docks and more than 140 parking bays.

BBVA and Merlin Get the Final Go-Ahead for Madrid Nuevo Norte

On Wednesday, the Community of Madrid definitively approved the largest urban project currently in the pipeline in Europe at its meeting, which was held by videoconference.

The project now called Madrid Nuevo Norte, which started out as Operation Chamartín and which was later known as Distrito Castellana Norte, is the largest urban development currently in the pipeline in all of Europe. On Wednesday, it was given the green light, 26 years after it was first conceived, in a plenary session of the Community of Madrid’s Government. The meeting was held electronically due to the restrictions imposed by the coronavirus pandemic.

With this final administrative procedure, the definitive approval was granted for an urban project that will involve the transformation of the northern area of ​​Madrid along 5.6 kilometres and across 2.67 million square metres of buildable land. It comes almost three decades after the original idea was conceived since it was in 1994 when Renfe awarded the company Desarrollo Urbanístico de Chamartín (Duch), which was owned by Banco Argentaria –now integrated into BBVA – and the construction company San José, the land rights that the railway operator owned next to the station of the same name.

A Ruling from the TSJCV Forces Elche to Modify its PGOU to Allow Building Work 50 Metres from the Road

Elche City Council is going to have to modify its General Urban Development Plan after the ruling issued by the Supreme Court of Justice in the Community of Valencia.

In light of the ruling from the Supreme Court of Justice in the Community of Valencia following an appeal submitted by the property developer Picolet SL in 2016, the General Plan in Elche is going to have to be modified to allow for building to take place 50 meters from the road, instead of 100 metres as established by local regulations, reports Alicante Plaza.

Picolet requested that Article 85 of the General Plan be modified, since it considered that it was being affected by it since it had to repair a warehouse on a plot that it owned affected by the future South Roundabout in a section that has yet to be built. The City Council dismissed the claim with administrative silence, and so the company filed an appeal with the TSJCV, which has now ruled in its favour.

 

Altamira Offers Discounts of 20% on More than 2,800 Properties

The campaign spans all of the segments in the sector and includes new and second-hand homes, offices, premises, industrial warehouses, parking spaces and plots of land ready to be built on.

The financial and real estate asset management company Altamira has launched a new campaign with an average discount of 20% on more than 2,800 assets distributed all over Spain. This promotion will be active until the 31st of this month.

The campaign covers all segments of the real estate sector and includes new and second-hand homes, offices, premises, warehouses, parking spaces and plots of land ready to be built on. Thus, the servicer is maintaining its commitment to diversification.

La Generalitat Approves the Purchase and Subsequent Sale to Hard Rock of the BCN World Plots

La Generalitat has authorised the public company Incasòl to purchase, from La Caixa for €120 million, the land where Hard Rock is going to build the hotel and leisure macro-complex BCN World.

The Generalitat of Catalonia has authorised the public company Incasòl to buy, from La Caixa for €120 million, the land where Hard Rock is planning to build the hotel and leisure macro-complex BCN World. Likewise, the Government has agreed to allow Incasòl to sell the plots for the same amount to the multinational Hard Rock, which will lead the development of the Hard Rock Entertainment World project, located in Tarragona.

After months of stagnation and more than two years after the planned start date, the Generalitat has finally made the €120 million advance to unlock the BCN World project. The Generalitat assures that it will not be taking on any risk with its acquisition of these plots, since they will be automatically sold onto the US  company Hard Rock. Last week, the company that represents Hard Rock submitted a letter in which it promises to acquire the land in Salou by no later than 5 May 2020.

 

The Ministry of Defence Convenes New Auctions to Sell 24 Properties in Ten Provinces

The Ministry of Defence, through its own Institute of Housing, Infrastructure and Facilities (Invied), has announced the public auction of 24 buildings located in ten provinces through which it plans to raise around €13.5 million euros, according to information published in the Official State Gazette (BOE) on 3 March.

The properties, which include flats and plots of land, are located in Santiago de Compostela (Coruña), San Fernando (Cádiz), Alicante, Lorca (Murcia), Mislata (Valencia), Oviedo (Asturias), León, Mérida (Badajoz), Cartagena (Murcia), Lucillos (Toledo), Granada and Sevilla.