Spain’s Social Security Puts 3 Assets in Barcelona up for Auction for €20.5M

15 October 2018 – Eje Prime

Spain’s Social Security department is doing its part to reactivate the Catalan real estate market. The public body has put three assets up for auction in Barcelona with a total asking price of €20.5 million. The auction will take place on 21 November at the provincial offices of the General Treasury of Social Security in the Catalan capital.

The most high-profile property is the former Social Court, located at number 41 Ronda de Sant Pere in Barcelona. With a surface area of 5,926 m2, the asset is going to be auctioned for €16.7 million, according to reports from Expansión.

The second building up for sale is a single-family home located on Passatge de Mercader in Barcelona, very close to Rambla Catalunya. In total, the useful surface area of that residential asset is 240 m2, and the asking price amounts to around €3.8 million.

The third property is a commercial premise, located on Avenida Carlos III in Barcelona, next to Planeta’s headquarters. That asset has a surface area of 500 m2, distributed over the ground floor and four semi-basement floors. That property will go up for auction for more than €1 million.

In addition, the Ministry of Labour has also put a ground floor commercial property up for sale. That asset has a surface area of 830 m2 and is located in the centre of the city of Girona. In that case, the auction is going to be held on 5 November at the Gerona headquarters of the Social Security offices. The asking price for that asset is €922,800

Original story: Eje Prime

Translation: Carmel Drake