Grupo Zeta Puts Its Barcelona Printworks Up For Sale For €19.5M

18 January 2017 – Economía Digital

(…). Grupo Zeta has put its brand new industrial print warehouse up for sale for €19.5 million, according to several classified advert websites. It is the company’s final real estate asset, given that it already sold its editorial buildings in Barcelona and Madrid.

The group chaired by Antonio Asensio Mosbah has engaged CBRE and Activa Properties to coordinate the sale. The former has placed an advert for the warehouse on its website, albeit without any indication of the price; the latter has posted adverts on several real estate portals. The property was initially put on the market last summer for €23 million, but the price has now been reduced to €19.5 million.

Although the print press is still functioning and more than 50 people are working at the site, the adverts have already written off the continuation of any similar activity: the warehouse is advertised as “previously the print press, storeroom and offices of an editorial group”. The property has a constructed surface area of 35,000 m2 on a plot measuring 58,400 m2.

The Grupo Zeta’s print press, which is located in Parets del Vallès (Barcelona), prints El Periódico, La Razón and ABC for the Mediterranean area, as well as several other smaller publications. (…).

Original story: Economía Digital (by Xavier Alegret)

Translation: Carmel Drake