The Riberas Family and the Owners of the Jewellery Firm Suárez Build a Brewery in Sevilla

The building work started before the coronavirus crisis, although the pace of construction has not slowed.

A group of investors -including the main shareholder of Gestamp, Francisco Riberas, and one of the owners of the Madrilenian jewellery firm Suárez (Javier Suárez Zapata) – are backing the construction of a brewery on the Laguna Larga industrial estate in Alcalá de Guadaira, according to ABC.

The objective of the project is to gain a foothold in the segment for the preparation and distribution of the drink to hotels and restaurants. Both families have acquired stakes in the share capital of the company Cervezas Gran Vía, the firm that is promoting this brewery on the Laguna Larga industrial estate.

Estrella Galicia Buys Land that Used to House the Comcor Shopping Centre

26 April  2019 – La Opinión

Estrella Galicia announced that it had acquired the two plots of land in front of its brewery in the A Grela business park. The land, which the company bought from Mueble Juvenil SA, measures 18,000 square meters and was home to the Comcor shopping mall until its recent closure. The lands maximum buildable area is 37,800 m2, more than double its current occupation.

The brewer is currently expanding its current factory, adding the adjacent plot of land, which had been home to the A Grela 2 municipal soccer field is located, at the cost of more than 150 million euros. The new facilities are intended to house its packaging and warehousing areas. When construction finishes, Ignacio Rivera, the CEO of Hijos de Rivera, the brewery that produces Estrella Galicia, intends to expand within the European market. The factory’s current capacity of 400 million litres per year is expected to fuel that growth.  The new properties do not have a specific purpose as of yet. Estrella Galicia will hold the land in reserve to boost future growth.

Original Story: La Opinión – Á. Fernández

Translation/Summary: Richard D. Turner

Half Of Cruzcampo’s Former Site In Sevilla Goes Up For Sale

13 June 2016 – Andalucía Información

Investors and governments alike are trying to take advantage of the improvement in the economic environment to reactivate the real estate market in Sevilla. Whilst on Thursday, the Town Planning department put 19 plots of land in Sevilla, on which 1,440 homes may be built, up for forced sale through public auction, now comes the mandate for the confidential sale of half of the urban development rights over the large site of the former Cruzcampo factory, where the PGOU has authorised the construction of 1,963 homes, in addition to tertiary uses.

The site of the historical brewery on Avenida de Andalucía had gone from being a star project to a failing project. The Basque real estate company Urvasco, which acquired the plot during the golden years of the real estate boom, commissioned the design of a “high standing” neighbourhood to four of the star-architects at the time: Norman Foster, Jean Nouvel, Arata Isozaki and Guillermo Vázquez Consuegra, who…even had their photo taken together with Monteserín, the then mayor, on the balcony of the Town Hall, in 2006. At the time, sourcecs spoke about an investment of €750 million in the construction of a luxury neighbourhood that was going to boast a high category hotel with around 150 rooms.

Nevertheless, with the burst of the (real estate) bubble just two years later, the project ended up foundering, along with its developer, Urvasco, which was unable to meet its obligations with the banks that had lent it €330 million and so it had to hand over the land to a pool of financial entities and companies linked to them (around a dozen in total).

The ‘Compañía para los Desarrollos Inmobiliarios de la Ciudad de Híspalis’ is the owner of half of the urban development rights of this land (49.91% to be exact). The Company was constituted by Banco Popular, CajaSur, Caja Granada, Caja España, Caixa Catalunya, Cajastur, Caja Laboral, Bancaja and Caja de Ahorros de Extremadura.

This company, which had accumulated debt amounting to €294 million and losses of €200 million, filed for voluntary bankruptcy in January 2016 in the Commercial Court of Madrid, and its application was approved on 22 February. However, that has not represented an obstacle to the process to sell its urban development rights, entrusted to an intermediary company, which is looking for potential investors in a restricted process that will run until Friday (17 June), the deadline for the acceptance of offers.

The sales brochure highlights that the plot has a surface area of 18,286 sqm and is located just 400m from El Corte Inglés on Nervión Plaza (presented as the main shopping centre in Sevilla), as well as from Sevilla F.C.’s stadium and the Santa Justa train station.

The Interior Reform Plan definitively approved the development of 1,963 homes, of which 890 will be allocated for social housing, as part of a total constructible area for residential use of 225,823 sqm, as well as a further 29,345 sqm for tertiary use. Therefore, the gross buildable area amounts to 255,168 sqm.

All of this will be constructed on wide blocks located in the Southern area of the plot. The Northern section will be a green area covering more than 70,000 sqm. According to the sales brochure, “the proposed plans seeks to achieve a maximum liberation of space, of around 35% in total, for the enjoyment of citizens. To achieve this, the plans propose the construction of tall buildings, which in the case of the residential units will be 15-storeys high”.

Original story: Andalucía Información (by M. J. Florencino)

Translation: Carmel Drake