Prygesa Acquires Plot of Land from Valencia Parque Central

24 October 2019 – Prygesa, a subsidiary of Pryconsa which specialises in housing cooperatives, has won an auction to acquire a plot of land from the Valencia Parque Central, a state-owned company in charge of the development of that same name.

The cooperative will be in charge of building one of the first housing developments on the land the Valencia Parque Central. Prygesa, together with a local cooperative in Valencia, Quatre Carreres Plaza, have been awarded the plot of land located between Maestro Sosa and San Vicente Mártir, in front of the AVE in Valencia.

The developer will pay 10.75 million euros for the 3,507.96-m2 plot of land, which has a buildable area of ​​14,713.31 square meters.

Original Story: Expansión – A.C.A.

Adaptation/Translation: Richard D. K. Turner

Andalusian Government to Sell Former Post Office Building in Málaga

14 October 2019 The former Post Office building in Málaga will finally go on sale after a decade vacant, as the Andalusian government has approved its sale after lifting a €2.14 million embargo on the property. The sale comes at a time when the local real estate market is in an upswing, and potential investors have taken an interest in the property.

Zoning laws in the city, however, state that the property must be used as residences for students or senior citizens, or as a university centre or hospital. Market sources believe that gaining municipal approval to convert the property into use as a hotel would be a lengthy and complex process.

The Andalusian government has set a base price of just over 16.8 million euros, somewhat lower than the €19-million price a valuation gave it a few months ago. Interested parties must contact the government by November 14.

Original Story: Málaga Hoy – Sebastián Sánchez

Photo: Javier Albiñana

Adaptation/Translation: Richard D. K. Turner

Aedas Homes Acquires Plot of Land in Zaragoza for 198-Flat Development

15 July 2019 – Richard D. K. Turner

Aedas Homes has initiated operations in Zaragoza, acquiring a plot of land in the neighbourhood of the AVE train station. The purchase from the public company Zaragoza Alta Velocidad (ZAV) involves an investment of 19.3 million euros and will result in 198 new homes.

The firm currently has 4,232 homes one sale throughout Spain and enough land to build another 15,000. Aedas also acquired more land in area, though it declined to reveal details.

The plot the firm acquired is located between Delicias station and Avenida Navarra. The asset’s surface area is 5,821 square meters, with a buildable area of 27,956 m2. Zoning in the area allows for the construction of four buildings, with a maximum height of 19 floors.

Original Story: Heraldo – Jorge Alonso