RTVE Seeks RE Agent To Help It Sell 32 Buildings For €85M

7 June 2016 – Voz Pópuli

Spain’s national broadcaster, Radiotelevisión Española (RTVE), wants to sell 32 plots of land and properties, distributed across Spain, for which it hopes to obtain proceeds of €85.6 million. The corporation has launched a competition, with a budget of €3.1 million, which aims to find an estate agent in the market of these buildings, which in several cases are empty or offer services that could be carried out in another one of its work centres. The so-called “idle assets”.

The jewel in the crown of this package of public goods is the plot of land measuring 245,000 sqm that RTVE owns in the Madrilenian suburb of Las Rozas, which is valued at €49.3 million and which is currently used as the broadcasting centre for Radio 1 and Radio 5 MW. The corporation plans to move these facilities (including the antennae, which are approximately 200 metres tall) to a cheaper, less densely populated area, which would allow it to generate profits from this real estate operation.

The real estate portfolio that will go up for sale also includes the headquarters of Radio Nacional de España, located in Calle de Roc Boronat in Barcelona, and inaugurated in 2007, when Luis Fernández was President (of RTVE) and the PSOE was in Government in Moncloa. The idea is to transfer this media centre to TVE’s studios in Sant Cugat del Vallès – which will cost €3.5 million – and sell off the headquarters.

The Directors of the corporation want the estate agent who ends up being awarded the contract to take care of the necessary legal procedures to change the urban classification of this estate to obtain higher revenues from the operation, according to details specified in the competition tender document.

Buildings all over Spain

The list of properties that RTVE wants to get rid off also includes a 26,000 sqm plot of land in the Madrilenian suburb of Majadahonda (€5.3 million), a building on Calle de Colón in Valencia (€4.57 million), another on Calle de la Albareda in Zaragoza (€3.4 million) and another on Avenida Ranillas, also in the Aragonese capital, which has been valued at €4.57 million.

The following assets in the portfolio also have prices that exceed the one million euro threshold: the RNE headquarters in Valladolid (€1.02 million), the corporation’s facilities at the Edificio Venus in Murcia (€1.47 million) and the office in Santa Cruz de Tenerife (€1.46 million). The portfolio due to be sold also includes buildings and plots of land in Alicante, Mérida (Badajoz), Cádiz, Gerona, Granada, Jaén, Las Palmas de Gran Canaria, Lérida, Monforte de Lemos (Lugo), Palma de Mallorca, Pamplona, Pontevedra (Vigo), Santander, Tarragona, Teruel and Talavera de la Reina (Toledo). (…).

Original story: Voz Pópuli (by Rubén Arranz)

Translation: Carmel Drake

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