Sareb Puts More Than 150 Plots Of Land Up For Sale

7 October 2015 – El Boletin

Sareb has launched a land campaign for investors and property developers, which includes more than 150 plots, according to a statement issued yesterday by the so-called ‘bad bank’. The plots have a total buildable area of over 1,500,000 m2 for the development of homes, offices, shops, hotels and industrial warehouses.

Around one third of the land is located on the coast and is aimed at secondary residence developments. The campaign is being conducted online, through the microsite, which contains information about all of the assets for sale. It also includes plots for tertiary use in the provinces of Guadalajara, Madrid, Málaga, Murcia and Valencia, intended for the development of approximately 250,000 m2 of offices and industrial warehouses. Sareb is outsourcing the marketing of these plots to its managers and servicers (Altamira, Haya, Servihabitat, Solvia).

“Sareb has identified that there is demand for developable land in several parts of Spain where it has assets, and so we think that now is the right time to launch this campaign”, explains Alfredo Guitart, General Manager at Sareb.

Almost 30% of the land included in this campaign is located in the Community of Madrid, with a buildable area of approximately 367,000 m2. Highlights include plots in Alcalá de Henares, Arroyomolinos, Madrid city, Torrelodones, Valdemoro, Leganés and San Fernando de Henares.

Sareb has also put 20 plots of land up for sale in Andalucia (with a buildable area of around 231,000 m2). These assets are mainly located in the province of Málaga, but there are also plots in Granada, Córdoba and Cadiz. All of these sites are intended for residential use, with the exception of two sites in Marbella and Vélez-Málaga, which have been allocated for hotel and retail use, respectively.

There are 39 plots in the Community of Valencia, with a combined buildability of approximately 215,000 m2, mainly residential. Two thirds of this supply is located in the towns of Moncofa (Castellón), and Gandía and Sagunto (Valencia). The latter is home to a plot of industrial land for warehouses, with a surface area of almost 16,000 m2. Meanwhile, in Cataluña, there are 17 plots with a buildability of 70,000 m2. The majority of those are located in the city of Barcelona, but the supply also includes other sites in, for example, Terrassa, Sabadell and Llinars del Vallés (Barcelona) and Ametlla de Mar and Ruidoms (Tarragona).

Finally, there are sizeable plots in Palma de Mallorca (Balearic Islands) and Zaragoza (Aragón). The first plot has been allocated for social, industrial and commercial use and is located in Estadi Balear, with a buildability of more than 10,000 m2. In the case of Zaragoza, nine plots have been selected with a combined buildability of more than 62,000 m2, both in the old town and in new developments.

Original story: El Boletin

Translation: Carmel Drake