• Transaction / Assets
    Several industrial plots
  • Seller
    Various
  • Buyer
    Regional Government of Navarra
  • € MM
    15.2

Navarra’s Regional Gov’t Invests €15M in the Purchase of Industrial Land

23 May 2019 – El Español

The Regional Government of Navarra is going to invest €15.2 million in various industrial estates across the autonomous region, through the public company Nasuvinsa, with the aim of “supporting several companies that need to develop land to expand their production capacity”.

The action plan will involve the development and marketing of 309,123 m2 of industrial land in seven areas, specifically, in the Pamplona region as well as in the towns of Arakil, Arguedas, Cascante (or Monteagudo), Lodosa and Lumbier. It will also see the construction of an industrial warehouse in the Sakana area for its subsequent rental.

Industrial reactivation

The Navarran Government is going to develop the land and infrastructure necessary for all seven projects through Nasuvinsa, with a cash injection that will not only encourage the economic reactivation of the areas and the creation of employment, but which will also represent a return to making public investments economically viable.

Original story: El Español 

Translation/Summary: Carmel Drake

69