Town Hall of Málaga & Sareb Agree to Constitute a Compensation Board for the Repsol Plots

10 May 2018 – Sareb

The Town Hall of Málaga and Sareb held a meeting this morning in Málaga to continue with the steps required to develop the land that they co-own in the city, on the site of the so-called Repsol plots.

At the meeting, both parties agreed to constitute a Compensation Board for these plots to push ahead with the environmental improvement and urban development projects, the latter of which will include a large urban park in the first phase located between the districts of Carretera de Cádiz and Cruz de Humilladero.

The mayor of the city, Francisco de la Torre, attended the meeting, along with the councillors for Town Planning, Environmental Sustainability and the district of Carretera de Cádiz, Francisco Pomares, José del Río and Raúl Jiménez, respectively. For its part, Sareb was represented by the Director of Institutional Relations, Soledad Borrego, the Director of Real Estate Development, Andrés Benito, and the Director of Legal Counsel for Transactions and Real Estate Management, Jesús Cantal. Experts from both sides also attended.

Original story: Sareb

Translation: Carmel Drake