The Lladró Family to Create a new 145,000 m2 Industrial Estate in Valencia

12 April 2018 – Eje Prime

The logistics sector is going to be the star of the real estate market in 2018, according to international investors themselves, and the Lladrós don’t want to miss out. The Valencian family, which is linked to the porcelain sector, is going to create a new industrial estate in the Mediterranean capital, taking advantage of land that it owns on the site of its large factory. In total, the heirs of the entrepreneur Juan Lladró are going to put on the market 145,000 m2 of logistics space in the city, where the logistics market has grown considerably in recent times.

The block of land that the family is going to market is located between the towns of Valencia, Tavernes Blanques and Alboraia. One of the reasons for the development of this urban operation is that the current owner of the company, PHI Industrial, only uses one-third of the site for its porcelain factory, according to Valencia Plaza.

Located in an area known as ‘Porcelain City’, most of the land that is going to be freed up for the new use is currently in disuse, with the exception of a central section that is leased to PHI under a six month renewable contract, which means that it will not represent an obstacle for the Lladró’s project.

Now, the family is waiting for a study that has been commissioned to define the profile of the new industrial estate. Given that it is a tertiary industrial plot, it could be used for many different purposes from business to industrial, to logistics to commercial.

Original story: Eje Prime 

Translation: Carmel Drake

MoD Sells A Plot Of Land In Mallorca For €5.5M

27 May 2015 – Expansión

The Ministry of Defence is continuing its real estate divestment plan to generate revenue. To this end, the body chaired by Pedro Morenés has closed the sale of a plot of land measuring 14,429 square metres, with more than 25,000 square metres of buildable area, in Cas Capiscol (Mallorca).

Given that the building is owned by the Administration, the Ministry of Defence organised a public auction, through the real estate portal addmeet. The plot of land that is up for sale houses former (army) barracks, spread over several buildings, which have been in disuse since the 1990s.

The Ministry of Defence put this land on the market for €5.318 million. In the end, it has been sold for a slightly higher price: €5.55 million. The winning bid was submitted by a subsidiary of the Catalan real estate company La Llave de Oro. The buildable plot measuring 25,131 square metres may be used for tertiary purposes, i.e. to build offices, hotels and retail buildings. Nevertheless, the general urban development plan where this land is located is currently in the process of being modified.

The Ministry of Defence also own other plots of land in Mallorca, including in Son Busquets, where it has a plot measuring more than 110,000 square metres.

Original story: Expansión (by R. Ruiz)