• Transaction / Assets
    16,000 m2 land
  • Seller
    Junta de Andalucía
  • Buyer
  • € MM

Andalucía Auctions 16,000 m2 Of Land For Residential & Industrial Use

31 October 2017 – Inmodiario

The Junta de Andalucía’s Ministry of Development and Housing has awarded almost 16,000 m2 of regional land to residential and industrial development in the provinces of Jaén, Córdoba and Málaga, for a sales price of €2.2 million. This operation forms part of the third offer made in 2017, for the sale of land and other assets, by the Agency for Housing and Rehabilitation (AVRA).

In the tender for the sale of land allocated for social housing use, two plots have been awarded. One of them is located in the O3 sector of Córdoba, known as Huerta Santa Isabel, with a surface area of 2,197 m2 and space for 39 homes. The award price of that land amounted to €698,175. The other plot is located in the Malagan town of Algarrobo with a surface area of 4,092 m2 and space for 48 homes. The award price, in that case, amounted to €563,960.

All of the industrial land is located in the province of Jaén, with a total combined surface area of 9,428 m2 and a sales price of €615,723. The plots sold are located in the municipalities of Alcalá la Real, Martos and Linares.

With this initiative, the Ministry of Development and Housing is seeking to place its public land assets at the disposal of the production fabric of the region with the aim of boosting economic activity and generating employment, allowing for residential and industrial development (…).

Through this operation, the autonomous Administration will also take advantage of the revenues generated from the sales to continue allocating resources to its housing policy, in particular, to help the most vulnerable families and those less able of accessing a home (…).

Original story: Inmodiario

Translation: Carmel Drake