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Adif & Repsol Sell Residential Plot In Madrid To Vía Célere

14 November 2016 – Expansión

The Madrilenian real estate company Vía Célere has been awarded a plot of land, with a buildable surface area of 14,859 m2, for €29.15 million, which the railway manager and the oil company put up for sale in Méndez Álvaro (Madrid).

Specifically, Vía Célere will pay €29,157,830 for the plot, located in the Méndez Álvaro area, next to Repsol’s headquarters in Madrid.

The plot, which has a surface area of 2,107 m2 and a buildable surface area of almost 15,000 m2, was put on the market in July for €27 million. The deadline for the presentation of offers closed on 2 November and on Friday, the vendors announced the winning candidate.

Until now, the plot of land was owned jointly by Adif (42%), Repsol (21.5%) and the Compensation Board of Méndez Álvaro (36.5%).

This is the second operation that the real estate company Vía Célere has completed in just a week. On 5 November, the company chaired by Juan Antonio Gómez-Pintado was awarded a plot of land located in the district of Moncloa-Arava, which the Directorate General of Heritage, which forms part of the Ministry of Finance, put up for auction.

For that plot, which has a buildable surface area of 11,230 m2, the real estate company paid €19.6 million.

Vía Célere is one of the most active property developers in the residential market. Created in 2010 by Juan Antonio Gómez-Pintado, it owns two other plots in the centre of Madrid, which it acquired in April, and has several projects underway in Barcelona. It is also marketing six developments in Brazil, in the capital and in several other cities.

Original story: Expansión (by Rocío Ruiz)

Translation: Carmel Drake