• Transaction / Assets
    The former Lluro de Mataró cinema
  • Seller
  • Buyer
    RTV Grupo Inmobiliario
  • € MM
    10

RTV Grupo Inmobiliario Invests €10M in Purchase of Former Lluro de Mataró Cinema

5 June 2018 – Eje Prime

RTV Grupo Inmobiliario is continuing to expand its portfolio of properties in the Catalan market. The company is going to invest €10 million in the purchase of the former Lluro de Mataró cinema (the largest cinema in Spain in its hey-day) and its subsequent renovation, according to explanations provided by the group in a statement.

The start date for the execution of the construction work is planned within the next six months, once the building permits have been granted. The former cinema, which closed its doors in 2001, and the complementary office building, which used to house the Tax Authorities in Mataró until their move to the El Rengle building, has a total surface area of 9,650 m2, of which 4,500 m2 are above ground and the remaining 5,150 m2 are below ground. The buildings will be renovated in their entirety.

The new complex will comprise two residential buildings with 23 homes in total, a commercial space on the ground floor and two underground floors for parking. The plot on which the complex to be renovated is constructed and the area inside the block where the commercial space and parking lot will be located amounts to around 2,700 m2.

RTV Grupo Inmobiliario is working on residential promotions with similar characteristics in different areas of Maresme, including in Vilassar, Llavaneres and Mataró, and it plans to start work on new developments shortly in Barcelona and its surrounding area, Girona and Ibiza.

RTV Grupo Inmobiliario started its activity in 2000 focusing on the property development sector through the management and development of integral real estate projects. In recent years, it has managed the marketing of luxury homes, participated in advising real estate investments and worked on the administration and management of real estate assets.

It acts as a partner for several private banking divisions whose portfolio of clients are interested in diversifying their investments and returning to the real estate sector once again, taking advantage of the opportunities that are arising in the market.  In recent years, they have resumed the direct development of residential promotions in the regions of Cataluña and the Balearic Islands.

Original story: Eje Prime

Translation: Carmel Drake

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