Spain’s Ministry of Labor to Sell its Headquarters in Barcelona

14 November 2019 – Spain’s Ministry of Labor will auction off its headquarters in Barcelona, hoping to raise at least 16.75 million euros with the sale. The property has more than 5,000 m2 of surface area and is located in central Barcelona, in the neighbourhood of Eixample. The building has nine above-ground and two below-ground floors.

The asset is located at Ronda de Sant Pere 41. The ministry first attempted to sell the site in 2017, but no bidders appeared.

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner

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 Regional Government to Sell Land and Buildings Worth €320 Million

15 October 2019 The Andalusian regional government is preparing an auction of unused buildings and plots of land. The region’s General Directorate for Heritage has begun the process to sell, in a series of separate auctions, tens of thousands of square meters of land and of unused buildings. The public auction is expected to raise as much as 320 million euros, according to the draft budget for 2020.

The government has already announced the first sale, 22 properties with a base price of 47.1 million euros, though Andalusia hopes to raise much more. After that, the government plans to sell a batch of urban plots of land in the first quarter of 2020.

Original Story: ABC de Sevilla – Antonio R. Vega

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

Spain’s Ministry of Defence to Make a Third Attempt to Auction Off Assets in Alcalá de Henares

30 September 2019 – Spain’s Ministry of Defence (MOD) will attempt to auction off a series of real estate assets for the third time, as the first two auctions failed to raise any investor interest.

The Spanish government announced the sale in its Official State Gazette and through Addmeet, a real estate auction portal the government has often used in the past.

The fifteen assets on auction include fifteen plots of land with a total of 85,000 square meters of finalist land in Alcalá de Henares, on the outskirts of Madrid. The MOD requested a total of 75 million euros in the first auction and then reduced that to €68 million in the second. That second auction failed to attract any bidders, so the MOD will attempt two additional auctions, if necessary, reducing the price by 10% and then an additional 15%. Should the sale go to a fourth auction the sales price would fall by a total of 25% to 56 million euros.

The MOD will auction the fifteen lots separately. The plots of land are located in Colonia Ciudad del Aire, next to the Parque Los Nogales urbanisation, on which a developer could build 800 to 1,000 homes.  The plots have buildable areas ranging from 3,000 to 7,500 m2, with prices between 2 and 5 million euros.

Original Story: El Confidencial – Elena Sanz

Adaptation/Translation: Richard D. K. Turner

 

 

 

Malaga to Auction Post Office Building for €20 Million

16 September 2019 – The delegate of the Andalusia Government in Malaga, Patricia Navarro, stated that the state intends to sell a building once occupied by the post office in an auction that is expected to raise more than 20 million euros. An appraisal of the building set its value at €19 million, but elevated investor interest is expected to boost that price.  The building has nine floors, 17,000 square meters of surface area and is in the centre of the provincial capital.

Original Story: Malaga Hoy – Miriam Núñez

Photo: Javier Albiñana

Adaptation/Translation: Richard D. K. Turner

Community of Madrid Sells Seven Plots of Land

20 August 2019

The government of the Community of Madrid sold seven plots of land for 7.2 million euros in July. That single sale was more than was sold in the entire last four years. Obras de Madrid had only managed to sell land worth €2.9 million in land over the last three years. This year’s buyers included Mercadona, a company that builds funeral homes, logistics and real estate firms. The regional government is looking to raise more funds through the sale of another 18 plots of land.

Mercadona acquired the most expensive asset, paying €2.541 million for a 4,200-square-meter plot of land, located in the neighbourhood of Ciudad Jardín, in Arroyomolinos.

Original Story: El Confidencial – David Fernández

Adaptation/Translation: Richard D. K. Turner

Prygesa Sole Bidder in Valencia Land Auction

19 July 2019 – Richard D. K. Turner

Prygesa won the first land auction for the Valencia Central Park. The firm was the only bidder for the lands, located in the city centre, and resulting from the construction of the city’s new Central Railway Station.

The land around Joaquín Sorolla station, between Maestro Sosa and San Vicente Mártir streets, with 3,507 square meters of surface area, will give way to a 93-home residential complex with a swimming pool, gardens and private paddle tennis court. Construction is set to begin in 2021.

Original Story: Eje Prime