La Generalitat Resumes the Auction of Various Rental Homes in L’Hospitalet de Llobregat

12 June 2019 – El Confidencial

La Generalitat de Cataluña is resuming the public auction of a rental home portfolio for which it hopes to obtain proceeds €6.2 million, having applied a discount of 20% to the asking price last year (€7.7 million).

The assets in the portfolio are all located in L’Hospitalet de Llobregat (Barcelona) on Calle Ciencies 15-23, next to Plaza Europa and the Gran Vía 2 shopping centre. They comprise 16 homes, 2 commercial premises, 23 parking spaces with storerooms plus 3 terraced single-family homes located in the urbanisation behind that building on Calles Mileva Maric 33 and 49 and Hanna Arendt, 3. In total, the assets have a combined surface area of 2,448 m2 and are leased almost in their entirety, with just one home and the commercial premises vacant.

The assets are owned by Fira 2000, in which the Catalan government holds a 50%, alongside the Town Halls of Barcelona and L’Hospitalet de Llobregat.

The deadline for bids is 22 July and the online auction will be held on 29 July through Addmeet.  

Original story: El Confidencial (by E. Sanz)

Translation/Summary: Carmel Drake

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