The great real estate auction by Adif

Adif has decided to get rid of its properties. The railway infrastructure managing company will celebrate three public auctions in Madrid on the 22nd, 23rd and 24th October. In order to have access to those auctions, which will take place in the hotel Velázquez (Madrid), the deposit will be of 1000, 2000 or 6000 Euros depending on the lot. (…)

The starting price for these properties ranges between 1020 Euros for a storage room to 765.000 Euros for trade premises. As for homes, the average price reaches 100.000 Euros. There are 77 homes, 170 garages, 80 storage rooms and 46 trade premises.

With these auctions, Adif plans to put on sale nearly 1500 properties before the end of the year: 800 through public auctions and another 700, which will be offered first to its current tenants.

The sale of properties is included in the rationalization plan carried out by Adif in order to improve the efficiency in the management of these assets, to generate earnings and reduce costs. (…)