AENA Activates its RE Plan in Palma, Málaga, Valencia & Sevilla

23 May 2019 -. ABC 

AENA is going to become the largest property developer in Spain over the next few years, having launched four real estate mega-projects at its airports in Palma de Mallorca, Málaga, Valencia and Sevilla, in addition to those already underway in Madrid and Barcelona. The airport manager is now looking to engage a consultant to help it decide the uses that will be assigned to the land that it owns in the vicinity of the four airports.

According to sources, AENA and the private partner will identify which plots are “potentially marketable” and will plan their development together. This process will take around a year, with AENA planning to dedicate the first six months to the development of the airports in Palma de Mallorca and Málaga-Costa del Sol, and the second six months to the airports in Sevilla-San Pablo and Valencia.

Madrid and Barcelona

These projects will join those already announced by the company led by Maurici Lucena for the vicinity of Barajas and El Prat airports in Madrid and Barcelona, respectively. There, AENA is planning to build offices, hotels and logistics hubs. In the Spanish Capital, the company is planning to develop up to 2.2 million m2 of land, whilst in the Catalan capital, that figure amounts to 1.1 million m2.

Original story: ABC (by Guillermo Ginés)

Translation/Summary: Carmel Drake

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