Vega Sicilia’s Owners Enter Real Estate Sector with Pavalgan

4 May 2018 – Eje Prime

From wine to real estate. The Álvarez family, owners of the Spanish winery Vega Sicilia, have created Pavalgan, a real estate company through which they will convert unique buildings into luxury homes. The company has already closed its first project in Valladolid.

Pavalgan is going to make its debut with a building dating back to 1860, located at number 5 Calle Claudio Moyano in Valladolid capital. Marketing of this residential development will begin shortly, according to Cinco Días.

The new real estate company is going to be led by one of the sons of Pablo Álvarez, CEO of Vega Sicilia, Juan Carlos Álvarez Esteban, who will be advised by his Project Director, the architect Miguel Maldonado. The first project is going to be carried out by Rafael Robledo’s architecture firm, which specialises in the renovation of old buildings.

Original story: Eje Prime

Translation: Carmel Drake