153
153
  • Transaction / Assets
    land in Seville
  • Seller
    41 small property holders
  • Buyer
    Grupo Abu
  • € MM

Grupo Abu Acquires Land in Seville

18 December 2019 – The Seville-based real estate company Abu has managed to finalise the acquisition of several plots of land that had once belonged to the La Trinidad glass factory. Abu took two years to reach an agreement with the 41 small owners.

The agreement will permit Abu to begin the development of the land under the Carmona-Ronda de Capuchinos Special Plan for Internal Reform. The land has a total of 29,000 square meters, enough for 200 homes. The development would also provide the city with 14,167 square meters of free spaces and 1,578 square meters for services of public and social interest.

Original Story: ABC de Sevilla – María Jesús Pereira

Adaptation/Translation: Richard D. K. Turner