An Investor Group Buys Ceade’s Former HQ in Sevilla from Altamira

14 December 2018 – Real Estate Press 

The property has a surface area of almost 5,000 m2, distributed over a basement floor and three upper floors. The amount of the operation has not been revealed. The former headquarters of Ceade is being added to the list of buildings that have been sold in recent years, such as the Vorsevi building, which has now been converted into a business centre, the Andalucían Institute of Technology, which is now occupied by Prodiel, and the former Cruzcampo Pavilion, which is going to host a centre for flamenco shows.

The investor has informed the manager of the Technology Park that it is going to house a project linked to teaching and higher education. One of the possible uses could be as a hall of residence for students, which “would oblige it to undertake a comprehensive renovation, involving demolitions, floor overlays and the creation of a new layout to achieve a centre with around fifty rooms as a result”.

The General Urban Plan of Sevilla provides for the social use of the La Cartuja area, and so legally, the construction of a hall of residence is possible. In fact, these types of initiatives are attracting interest from numerous foreign funds to the Andalucían capital.

Nevertheless, the management company of the La Cartuja Technology Park, which reports into the Ministry of Employment, is not in favour of the venue hosting any type of residential projects, and even more so at a time when the interest from companies in being located in this enclave is growing.

A pioneering initiative within the park  

The La Cartuja Science and Technology Park is predominantly a business space, where almost 500 companies live alongside each other, and where they are also public administration centres, health clinics, theatres, an amusement park and three hotels, the Renaissance, the Eurostars, and the Exe for the Olympic Stadium. The project in Ceade’s former headquarters would be the first of a residential nature.

Original story: Real Estate Press

Translation: Carmel Drake

Ministry Of Employment Sells 2 Plots Of Land In Málaga

16 December 2016 – Real Estate Press

The Ministry of Employment has managed to sell off two plots of lands located in Málaga capital, which it no longer requires after it rules out an operation to construct the new headquarters for the Comisiones Obreras and UGT trade unions on one site and a building for the Malagan Confederation of Entreprenuers (CEM) on the other.

On Tuesday, the auction called by the Government to award these plots of land was tentatively resolved, after a first attempt in April 2015 was abandoned because no offers were received. On this occasion, the plots of land were awarded to two provisional buyers. One of the plots, located on Calle Padre Jorge Lamothe, behind the Ibis Hotel, which was previously going to house the new headquarters for local businessmen, was put up for auction for €406,366 and has been awarded to the Malagan-based construction group Rivervial for €610,005, according to sources at the Ministry of Employment.

The other, located on Calle Mesonero Romanos, in the Teatinos neighbourhood, and which had been initially reserved for a new building for the trade unions, is going to be sold to the company Resa, Encampus Residencias de Estudiantes, for €1,752,000, which represents an increase of €184,050 above its original asking price. In this way, the central Government will pocket €2,362,005 from the sale of both plots of land.

High demand for halls of residence in Málaga

In both cases, the plots of land will house halls of residence for students, a real estate product that, according to sources consulted, is in high demand in Málaga at the moment. Sources close to Rivervial agreed; the construction group is seeking to diversify its current business portfolio through this project. In this case, the land is located in the heart of the city’s Historical Centre, next to the Guadalmedina River.

The site on Mesonero Romanos will allow Resa to build its third hall of residence for students in Andalucía; it already owns one in each of Sevilla and Granada. Its Commercial Director, Carlos Cano, explained that the hall of residence in Málaga will have 300 beds in a nine-storey building that will have a constructed surface area of 8,500 m2. “The idea is to start processing the construction licence as soon as the Ministry confirms that we have been awarded the plot, so that the hall of residence can open its doors in September 2019”, explained the Head of Resa, which currently owns 33 properties of this kind, containing 9,000 beds in 19 cities. The building in Málaga will offer air-conditioned rooms, equipped with their own kitchen, study rooms, classrooms, a swimming pool, cafeteria and car park, amongst other facilities.

Original story: Real Estate Press

Translation: Carmel Drake