Tag: Incasol

Barcelona’s Incasòl Seeks to Acquire Land to Boost Logistics Sector

10 July 2019 – Richard D. K. Turner

The Institut Català del Sòl (Incasòl) and the Catalonian Department of Territories are working together to develop five new logistics platforms. The operation is an attempt to deal with tight supply in the region around Barcelona.

The public company is seeking to acquire five large plots of land around the Catalonian capital. Other areas of interest include sites along the AP-7 motorway, near Tarragona and Girona. In total, the state is looking to buy between 600,000 and 900,000 square meters of industrial land, doubling its current portfolio.

Original Story: Eje Prime

Catalan Generalitat to Acquire Land in Tarragona

29 June 2019

The Regional Ministry announced that it would exercise its preemptive right to acquire the land where BCN World had been planned for construction. The Catalan government expecteds to pay more than 100 million euros to La Caixa for the property.

Investors have planned a series of different projects for the site, beginning with the Eurovegas megacasino and followed by and the Valencian company Veremonte’s BCN World.  The latest plans are for the Hard Rock Entertainment World (HREW). Construction on the €2-billion project had been slated for this month.

The investors behind the initiative, including the Generalitat, Value Retail, which owns La Roca Village) and the Benetton family had been complaining about their failure to receive the necessary permits to begin work on the project. However, reports have stated that the government firm Incasòl will acquire the land and transfer it to HREW.

Original Story: Crónica Global

Amazon To Open Logistics Megacentre In Barcelona

15 December 2015 – Expansión

Amazon now officially has a site for the construction of its logistics centre in Cataluña, to serve customers in Southern Europe. Yesterday, the Catalan Land Institute (Incasòl), a body that forms part of the Generalitat, awarded the firm a plot of land in the Mas Blau II industrial estate, in El Prat de Llobregat (Barcelona), near El Prat airport, for €30 million.

The US e-commerce giant did provide any more details about the award, which involves a plot of land measuring 150,808 m2, with a maximum buildable surface area of 210,000 m2.

The company is designing a due diligence to sketch out the project, say sources at Amazon. The agreement is expected to be signed at the end of January, after the prescribed period of one month for the execution of the operation.

Bidding

This plot of land has been in great demand, given that Incasòl has received offers from other firms in recent months, bidding for the same area as Amazon.

The plot is located in one of the most important economic and industrial areas of the Barcelona metropolitan area.

“The new owners will be allowed to build a ground floor building and add three more floors in order to house the logistics centre plus spaces linked to its main activity: offices, retail and restaurants”, said sources at Incasòl yesterday.

The public body stated that it will be responsible for the construction of the 3.5 km-long underground power line, with a capacity of 15,000 kilowatts, which will involve a total investment of €1.2 million.

Once constructed, this centre will be one of 29 complexes that Amazon owns across seven countries in Europe. The centre in El Prat could become one of the largest – it will be even larger than the centre already in operation in San Fernando de Henares (Madrid) – in terms of its capacity to prepare orders.

Amazon is already undertaking work to construct a new centre measuring 45,000 m2, next to its complex in Madrid, which occupies a surface area of 32,000 m2. The company expects to create one thousand jobs over the next three years.

Original story: Expansión (by Tina Díaz)

Translation: Carmel Drake

Neinver To Invest €80M In A New Shopping Outlet In Barcelona

9 April 2015 – Expansión

Construction work will begin on a new fashion outlet in Viladecans (Barcelona) in May. The project will require an investment of €80 million and will create around 600 direct jobs and up to 400 indirect jobs during its first phase.

The developers of the project, dubbed Viladecans The Style Outlets, are the real estate group Neinver, which specialises in shopping centres and outlets, and the fund manager TIAA Henderson Real Estate. The two companies signed an agreement in January to invest jointly (50% each) in projects such as the one in Viladecans. The plot where the future outlet will be constructed was acquired last December from Incasol (the Catalan Land Institute or Instituto Catalán del Suelo) for €24.5 million. Around 130 shops will be opened during the project’s two phases.

Original story: Expansión (by M. Anglés)

Translation: Carmel Drake