• Transaction / Assets
    Plot of land in Zaragoza
  • Seller
    Blackstone
  • Buyer
    Bancalé
  • € MM
    10

The Aragonese Group Bancalé Acquires 1,220 hectares of Land in Zaragoza

13 January 2020 – Heraldo

Bancalé has acquired the rural plots of land associated with the failed urban operation linked to the Plaza Logistics Platform in Zaragoza. The Aragonese investment group plans to use the plots for the development of a new agricultural line of business, as well as to grow its renewable energy division with the construction of a large photovoltaic solar plant on the site.

The plots are located between the La Peñaza golf course, the A2 motorway, the Centrovía industrial estate and the AVE railway tracks, and span 1,220 hectares in total.

Original Story: Heraldo

Translation/Summary: Carmel Drake

The family office has reportedly paid more than €10 million for the land, which was previously owned by the US investment giant Blackstone.

Original story: Heraldo (by Jorge Alonso)

Translation/Summary: Carmel Drake

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