Barcelona’s Palau Moxó Will Be Converted into a Luxury Apartment Building

23 March 2018

It is a unique building. Not for being an architectural jewel of the Baroque period, though it is that too. The property has been in the same family since 1770 when the Moxó family built it. The property was finally sold by the marquises of San Mori at the end of 2017 to Eduardo Rallo (a Mexican investor) for 7.3 million euros. Now it has been discovered that, after conversion by the Trias de Bes architectural studio, luxury apartments will be sold in the property by the Vivendex real estate agency.

The palace was sold in June of last year. An example of Baroque architecture, the building was classified as a Cultural Asset of Local Interest (BCIL) for the city in 2000. It quickly began generating controversy within the municipality. The building is located at 4 Plaza Sant Just, in the Gothic Quarter, became the focus of numerous conflicts due to its sale and cultural value.

Both the ERC and PdeCat demanded that the municipal government (BenComú) provide “explanations” for not considering a potential acquisition of the property through its right of first refusal, something which the owners of buildings classified as having historical interest are obliged to do. Now, the PdeCat criticises that the possibility was rejected twice, according to PdeCat, and that luxury apartments are being built on the site.

The government, meanwhile, stated that there is a limit to acquisitions through the right of first refusal since the price that the owners were requesting initially stood at 7.15 million euros. That was in December 2015, but the district of Ciutat Vella (to which the property belongs) declined to acquire the palace, stating that the purchase exceeded the district’s financial capacity and “the state of conservation of the interior was unknown,” sources within the municipal government explained.

The second occasion that the municipality rejected its right of first refusal was in January of 2017 when the price has risen to 7.33 million euros, and the district once again declined to pursue a possible acquisition.

During the last years, the palace had been used as a multipurpose space for dinners and events for aristocrats in Barcelona. The heir, Inés Moxó, currently lives in Seville, where she moved the furniture that until recently decorated the house.

The building will have up to six luxury apartments and three stores on its four floors. The main floor, measuring almost 600 m2 will be preserved intact: the architectural and decorative elements that are under the protection of cultural property will be respected. The third and fourth floors will receive five duplex apartments, all with private terraces and sizes ranging from 130 to 250 m2. The renovation, Trias de Bes estimates, will conclude in mid-2019, although the City Council still has to grant a building license to the company.

Original Story: Idealista – Natalia Bravo

Photo: Wikimedia Commons

Translation: Richard Turner

Madrid Accounts For 70% Of All New Housing Permits

10 October 2016 – Inmodiario

The Community of Madrid has been boasting to property developers that it represents the real driver of the growth currently being seen in the real estate sector in Spain.

In this way, at the opening of the National Real Estate Conference, the Director of Transport, Housing and Infrastructure, Pedro Rollán, commented on the statistics and highlighted that licences for new residential construction projects in the region increased by 66% during the first five months of 2016, well above the national average increase of 27%.

During his presentation at the conference, organised by the Association of Property Developers and Construction Companies in Spain (APCE), under the title “From recovery to innovation”, Rollán commented that real estate is a strategic sector, whose contribution to GDP is essential for economic growth.

And, to this end, he stated that the sector’s reactivation is necessary to consolidate and strengthen the (overall) recovery. He emphasised the importance of the need to continue working and adapting the (RE) sector to new times, and of innovating to achieve the most accessible, comfortable and least contaminated spaces.

In this sense, the regional Government is managing aid, which will serve to encourage the renovation of homes and the regeneration and refurbishment of urban spaces, thanks to the agreement signed with the Ministry of Development under the framework of the State Housing Plan.

Thus, this year, €14.4 million will be allocated to subsidies for building renovations and €29.8 million will be spent on aid for urban regeneration and renovation.

In the same way, the regional Government is working to create a Single Integrated Assessment Report Register for buildings in the Community of Madrid, which will contain all of the assessment reports relating to more than 40,000 buildings per year.

This register will enable the data obtained to be used to identify weaknesses and deficiencies in the building stock and will help to improve their quality and sustainability, as well as to obtain extensive information to allow policies to be directed appropriately in terms of architecture and housing. All types of buildings may be registered, regardless of their purpose (use) along with the mandatory registration of all buildings that are more than 30 years old.

Moreover, assessments of the degree of conservation of buildings (ITE) are going to be unified into a single document to ensure the safety of all of the buildings in the region; their basic conditions in terms of universal access, to encourage reasonable modifications in this regard; and energy efficiency certifications (CEE) to help achieve the commitment made in terms of energy savings and building sustainability.

Original story: Inmodiario

Translation: Carmel Drake