• Transaction / Assets
    A plot of land in Parc Sagunt
  • Seller
    Valencia Plataforma Intermodal y Logística
  • Buyer
    Tempe (Inditex)
  • € MM
    31

Valenciaport Sells a Plot in Parc Sagunt to Inditex for €31M

4 February 2018 – Eje Prime

Valenciaport has made the sale of a plot of land in Parc Sagunt to Inditex official. The President of the Port Authority of Valencia (APV), Aurelio Martínez, signed the sale of this plot by ‘Valencia Plataforma Intermodal y Logística’ to Tempe, a footwear company that forms part of the Inditex group, before a notary on Monday. The plot measures almost 280,000 m2 and its price amounted to €31 million.

The APV is planning to allocate the resources obtained from the sale of the plot to promoting, activating and streamlining Parc Sagunt II, purchasing new areas to attract business investment of port interest, according to reports from Europa Press.

Tempe was the only company that submitted an offer in the tender process that was convened. As part of the sale’s terms, the company agrees not to sell or divest the plot for at least three years. Moreover, the group commits to undertake business activities within a maximum period of four years.

In January, Tempe emerged as the buyer of this asset after it was the only company to submit a bid in the tender. The company already has central offices and two logistics centres in the Elche Business Park in Alicante.

Original story: Eje Prime 

Translation: Carmel Drake

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