First 100,000 m2 Of Land at Vigo’s new Logistics Platform Will Be Sold for €50/m2

28 November 2017 – Inmodiario

The councillor for Infrastructure and Housing at the Xunta de Galicia, Ethel Vázquez, has attended a meeting held by the Commission for the Monitoring of the Industrial Logistics Platform in Salvaterra-As Neves (PLISAN), where it was agreed that the tender to sell the plots contained therein should be convened before the end of the year. An incentive will be offered to entice buyers: the first 100,000 m2 of land will be sold at a discounted price of €50/m2.

At the meeting, which was also attended by other representatives from the Xunta, as well as from the Port Authority and the Free Trade Zone Consortium of Vigo, it was also agreed that the companies that sign up to PLISAN will be able to access the land with surface rights equal to the conditions applied to parks by the Xunta. They are awarded for 30 years, extendable for another 30 years, with an annual fee of 1.5% of the sales price during the first 2 years, and the option to request an initial 1-year grace period; then, 2.5% during the next 2 years; and 3.5% from the fifth year onwards.

Moreover, the attendees at the meeting agreed to start the creation of a management company for the future maintenance of the facilities at the logistics platform. Vázquez Mourelle said that in terms of work, the construction of the general systems has now been completed.

The councillor specified that the activity, which required investment of €11 million, involved the construction of the roads, lighting and pipework necessary for the supply, sanitation, electricity, gas and telecommunications systems, which will serve all of the companies that set up shop on the plots in the PLISAN area.

In terms of the construction of the sewage treatment plant, the plans and construction were awarded together, for a combined amount of more than €3 million. The plans are now being drawn up and the construction work is expected to begin in 2018.

The councillor said that the administrative procedures for the sewage treatment plant will continue to move ahead in parallel, given that the start of the construction work has now been authorised and the cost will be covered by the Galician Building Institute (Instituto Galego da Vivenda el Solo). In this way, in December, the tender will be published for execution during 2018, with an investment of around €6.3 million.

At the meeting, a decision was also taken to approve the tender for the urbanisation of the logistics-business area that the Free Trade Zone Consortium of Vigo is going to build. Technical approval is currently being processed for the project to develop 400,000 m2 of land, work that will require the investment of more than €12 million. Like in the case of the water purification plant, the plan is for the contract for the construction work in the logistics-business area to begin in December, and for the work itself to be carried out in 2018.

Original story: Inmodiario

Translation: Carmel Drake

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