• Transaction / Assets
    Former Correos HQ in Málaga
  • Seller
    Junta de Andalucía
  • Buyer
    Nitsba Spain
  • € MM

Nitsba Spain Acquires the Correos Building in Málaga for €23.5M

2 December 2019 – El Confidencial

Nitsba Spain, a company owned by the Israeli magnate Haim Tsuff, has purchased the former Correos headquarters in Málaga from the Junta de Andalucía for €23.5 million.

The property has been boarded up for a decade and, based on its current urban planning classification, its future use will be restricted to some kind of “communal residence” (for the elderly, students or children) or for other “social purposes”.

Original Story: El Confidencial

Translation/Summary: Carmel Drake

Nevertheless, a change of use could be approved to allow it to be converted into a hotel or offices, depending on the wishes of the purchaser.

Original story: El Confidencial 

Translation/Summary: Carmel Drake