Ministry of Finance Announces Sale of Seven Plots in Madrid

3/10/2014 – Cinco Dias

The Government of Spain notified of a public tender of seven residential plots owned by the General State Administration, located in Pozuelo de Alarcon (Madrid) and valued at €40 million.

According to the information included in the communication, the call for bids concludes on November 14th and the offers will be reviewed further on 27th of November.

The Ministry of Finance thought it the right move to sell the plots situated close to the Arroyo Meaques-Ciudad de la Imagen business area, as the authority had observed certain rise in demand for land in this zone. Two plots were sold within the area for almost €10 million as recently as on July 11th.


Original article: Cinco Días

Translation: AURA REE