Haya Puts More than 550 Commercial Premises and Plots up for Sale in Andalucia and Extremadura

The selected properties are mainly located in provincial capitals, commuter towns and small villages.

Haya Real Estate has put more than 550 commercial premises and plots of land up for sale through its ‘Plan Locales Sur’, aimed at investors. The selected buildings are mainly located in provincial capitals, commuter towns and small villages.

The deadline for interested parties to submit their tenders to the notary is 22 October. The portfolio includes commercial premises from €15,000 and plots of land from €41,100, according to the firm.

The Intempo Tower’s Owner Invests in the 22@ District Despite the Suspension of Construction Licences

The fund SVP Global has debuted in Barcelona with the purchase of a 7,000 m2 plot in the 22@ financial district, even though the local Town Hall has suspended all new construction licenses for 4 months.

The owner of the Intempo building, the iconic skyscraper in Benidorm, was in the middle of expanding its business when the Town Hall of Barcelona decided to declare a 4-month moratorium on construction licenses in the 22@ district so as to give it time to upgrade its roadmap.

Despite this, the fund SVP Global has acquired a 7,000 square metre plot of land in the 22@ financial district, on the site of two former factories, according to El Confidencial. The North American company teamed up with Uniq Residencial to acquire the Intempo building from Sareb two years ago.

The fund plans to build 75 luxury loft-style homes on the land in the Catalan financial district. In theory, the recent measure adopted by the Town Hall should not affect these plans, given that Ada Colau’s objective is to promote the construction of homes in the 22@ district.

Valdebebas Sells its Commercial Land to Tomás Olivo to Build North Madrid’s Largest Shopping Centre

General de Galerías Comerciales has acquired the buildable commercial land spanning 145,794 square metres for €55M.

The Valdebebas Compensation Board has signed an agreement with the Socimi ‘General de Galerías Comerciales’ to sell it the commercial land in Valdebebas, where the largest shopping centre in the north of the Spanish capital is going to be built.

Project Ágora in Valdebebas groups together three plots with a commercial surface area of 145,794 m2 and an office surface area of 36,448 m2 with the option for alternative uses, such as healthcare, education, hotel and sports facilities. The space is completed with green areas and parks spanning 24,500 m2. General de Galerías Comerciales has acquired the buildable commercial land spanning 145,794 square metres for €55 million in total, although the Valdebebas Compensation Board was hoping to receive between €80 million and €90 million for the sale of the rest of its assets. At present, the 36,448 m2 of office space that completes the so-called “commercial block” has yet to be sold.

Acciona Sells a 395-Rental Home Development in Madrid to Hines

Hines has signed a forward purchase agreement with Acciona to acquire a 395-rental home development currently under construction in Valdebebas – a fast-rising residential area to the North-east of Madrid. Acciona owns the land and will take charge of building the turnkey project.

This is one of the largest ‘build to rent’ projects that Acciona has embarked on to date and the two companies have agreed that the work will be finished by 2022.

Last year, Madrid accounted for 80% of all of the ‘build to rent’ projects in Spain, which together amounted to around €1 billion.

The Town Hall of Madrid to Put 3.3 million m2 of Public Land up for Sale

The local Executive is going to offer 300,000 m2 of tertiary and office land and 3 million m2 of industrial use land, for purchase or exchange. The first lot will be located in Valdebebas.

The Town Hall of Madrid has announced an ambitious land transfer program to encourage business activity in the Spanish capital. The local government is going to put 3.3 million m2 of public land on the market. Most of the land will be for industrial use, but some will be for offices. The aim is that the plots will be developed through private initiatives.

The proposal, launched this morning by the vice-mayor, Begoña Villacís, and later expanded upon by the Councillor for Urban Development, Mariano Fuentes, will involve the commercialisation, either through the sale, exchange or transfer of rights, of a surface area spanning 300,000 m2 for office use and 3 million m2 for industrial use.  

The first lot, which will go up for tender in a few months time, will involve two plots spanning 69,000 m2 in total in the PAU de Valdebebas, to the northwest of Madrid, reports Efe.

MK Premium Acquires Land in Barcelona for €2.8M

MK Premium has purchased a plot of land spanning 4,300 m2 in the centre of Hospitalet de Llobregat (Barcelona) for €2.8 million.

The plot is located on Avenida Carrilet 278 and may be used for various projects, including the construction of a residential development or a hotel. Alternatively, MK Premium may decide to resell the land to a property developer once all of the relevant licences have been processed.

This is MK Premium’s first purchase of 2020. The company led by Daniel Leiva plans to make more purchases this year as well as open four new offices in Palma de Mallorca, Valencia, Málaga and Sevilla to join those that it already has in Barcelona, Madrid, Porto and Lisbon.

 

Ten Brinke Desarrollos Buys Superser’s Former Plot in Navarra for €10M

Nasuvinsa has selected Ten Brinke Desarrollos, S.L. to acquire its plot, spanning 32,068 m2, on Industrial Estate 1 in Cordovilla (formerly the site of the Superser factory) for €10 million.

The property developer is considering dedicating the land to commercial use (food and sporting), hostelry (a hall of residence for students and a hotel) or services (private healthcare) with one open-air parking lot and one underground garage.

In total, 856 jobs are expected to be created on the site.

Pozuelo de Alarcón Unblocks its Largest Urban Planning Project in more than a Decade

Today, the Plenary Session of the Town Hall of Pozuelo de Alarcón is scheduled to approve the Reparcelation of the Distribution Area of West Pozuelo (ARPO or ‘Área de Reparto de Pozuelo Oeste’), an area spanning more than 6 million m2.

The largest urban planning project in the town has been paralysed for more than a decade. One of the main stumbling blocks, the construction of a rainwater collector, seems to have been resolved since work is scheduled to begin on that later this year. 

The plan for the ARPO is to build more than 5,500 homes, both private and social units, as well as a wide range of tertiary use properties, making it one of the largest construction projects to be undertaken in the Community of Madrid in recent years.

The paralysis in terms of urban development in Pozuelo over the last decade, due to the lack of available land and delays in granting construction licences, has forced demand for new build homes to move to nearby towns such as Boadilla del Monte and Aravaca.

Sabadell Finalises the Sale of Sdin Residencial to Oaktree

Banco Sabadell has created a company to which it will transfer the assets that it is going to sell to the US fund Oaktree.

The new subsidiary was constituted at the end of 2019 and will take ownership of Sdin Residencial’s property developments and plots of land.

Banco Sabadell agreed to sell Sdin Residencial’s asset portfolio to Oaktree last summer for €882 million.

Grupo Lar Buys a Logistics Plot in Alcalá de Henares

21 January 2020 – Eje Prime

Grupo Lar has acquired a plot of land spanning 113,000 m2 in Alcalá de Henares (Madrid) for the development of a logistics complex measuring 60,000 m2. The property, which is going to be split into two warehouses, will be leased, in part, by the previous owner of the land, Toys’R’Us Iberia. Lar expects the first of the asset to be operational by 2021.   

Original story: Eje Prime

Translation/Summary: Carmel Drake