10 February 2020 –
The Town Hall of Madrid has announced an ambitious land transfer program to encourage business activity in the Spanish capital. The local government is going to put 3.3 million m2 of public land on the market. Most of the land will be for industrial use, but some will be for offices. The aim is that the plots will be developed through private initiatives.
The proposal, launched this morning by the vice-mayor, Begoña Villacís, and later expanded upon by the Councillor for Urban Development, Mariano Fuentes, will involve the commercialisation, either through the sale, exchange or transfer of rights, of a surface area spanning 300,000 m2 for office use and 3 million m2 for industrial use.
The first lot, which will go up for tender in a few months time, will involve two plots spanning 69,000 m2 in total in the PAU de Valdebebas, to the northwest of Madrid, reports Efe.
Translation/Summary: Carmel Drake