Tag: support

Danish Logistics Giant DSV Inaugurates Facilities In Cabanillas del Campo (Guadalajara)

22 November 2017 – Cadena Ser

Today (Wednesday), the logistics company DSV cut the opening ribbon at its new facilities in Cabanillas del Campo (Guadalajara). The Danish logistics operator has a presence in 80 countries with 400 facilities, spanning a combined surface area of 5 million m2. In Spain, it has 227,000 m2 of space and 1,200 employees across 25 different locations.

In the case of Cabanillas, a logistics centre measuring 50,000 m2 was inaugurated today on the new SI-20 industrial estate; it is expected to create around 200 jobs. This platform, the ninth that the firm manages in Spain, has storage capacity for 65,000 pallets.

The opening ceremony was attended by the Director of DSV Solutions Spain, Xavier Juncosa; the Danish ambassador to Spain, John Nielsen; and the first Vice-President of the Government of Castilla la Mancha, José Luis Martínez Guijarro, amongst others. The latter reminded the audience about the support given by the autonomous regional governments for new investments in the region and the creation of employment.

DSV already had a presence in the province with other logistics spaces and is now expanding its facilities in Cabanillas del Campo.

Original story: Cadena Ser (by Jesús Blanco Orozco)

Translation: Carmel Drake

New Housing Plan Will Include Aid For Renters & Evicted Families

14 December 2016 – El Mundo

On Tuesday 13 December, the Minister for Development, Íñigo de la Serna (pictured above), said that the future Housing Plan 2018-2021, which his department is currently working on, will seek to continue to support rental housing through a specific program of aid, and will add other assistance for families evicted from their habitual residences.

De la Serna emphasised that the draft plan includes financing for a program of aid for families evicted from their habitual residences that find themselves in vulnerable situations, through the constitution of social funds for rental housing.

Similarly, he expressed his intention for the new housing plan to continue to offer support for rental housing thanks to a specific program.

The Ministry of Development has already started the process to approve this new housing plan and to this end, it has invited the Autonomous Regions to a conference, which will be held on Thursday 15 December, where some of the overarching premises are expected to be discussed.

The Minister for Development recalled that last Friday, the Council of Ministers approved an extension of the Housing Plan 2013-2016 to ensure that its beneficiaries will not lose their aid from 1 January 2017 onwards.

In terms of the sale of social housing to vulture funds, De la Serna reminded the Podemos party Senator María Pilar Garrido that the Government will not carry out any sale in this sense because the duties in terms of housing are assumed by the Autonomous Regions.

“We have to comply with the law and not encroach on the regional duties that are not our responsibility”, he added.

He also said that the State can only influence the regulation of economic planning, specifically, the definition of safeguarding actions and the regulation of financing structures through the contribution of state resources.

Based on this, he explained that the Government approves the state housing plans, which are then managed through agreements with the different autonomous regions.

Original story: El Mundo

Translation: Carmel Drake

Husa Emerges From Bankruptcy After €130M Reprieve

28 July 2015 – Expansión

Yesterday, Husa managed to secure the support of its two main creditors, Deutsche Bank and Banco Sabadell, for its proposed agreement to exit from the bankruptcy proceedings that it has been immersed in for the last year and a half.

The hotel chain owned by the former President of FC Barcelona, Joan Gaspart (pictured above), will surrender assets worth €80 million to the banks and others worth a further €25 million to the public administrations. A discount of more than 95% will be applied to its ordinary loans, which amount to more than €90 million.

Twelve companies filed for creditors bankruptcy in total, of which eight will go into liquidation, leaving an unpaid balance of €40 million, therefore, in total, the company will benefit from a “reprieve” of around €130 million.

Yesterday, at the creditors’ meeting for four of the group’s companies, Husa secured sufficient support for two of them: Hostelería Unida 2 and Jardines de Albia. Hostelería Unida is expected to also secure sufficient support (based on the agreements made yesterday and the support it expects to receive by post from the overseas financial institutions). A fourth company, Solsibu, is still waiting to secure sufficient support.

Creditors

Husa won the support of its two large creditors only: Deutsche Bank and Sabadell. The other creditors that participated in the meeting yesterday, such as the Social Security, the Tax Authorities and other suppliers of the group, all voted against the proposed agreement.

One of them, the company Denbolan, which operates in the temporary work sector, spoke at the meeting, stating that it would appeal against the proposed agreement. “It is regrettable that the law is designed in such a way so as to inflict the most harm on small creditors”, said its legal representative.

After the meeting, the President of the Husa Group, Joan Gaspart, said that he was “saddened by the gravity of the situation”, but also “grateful and hopeful about the future”.

The former President of Barça is hopeful that the support received yesterday will represent “a second chance” for Husa, which will work in collaboration with its new partner, Park Street. (…).

Original story: Expansión (by Marisa Anglés)

Translation: Carmel Drake