Parc Sagunt Sells Four New Plots of Land for €7.7 Million

3 January 2020 Parc Sagunt’s board of directors agreed to sell four plots of land in Parc Sagunt I for approximately 7.7 million euros, bringing the total sales to 44 plots of land in the development. Total receipts from the sales reached about 458 million euros, according to local authorities.

Nine plots of land, with a total surface area of ​​162,498 square meters, are left for sale.

Between them, Lannuti Spain, Industrial Facilities, Shopping Plataform, and Inmo Arnedo acquired a total area of 99,738 square meters for a combined 7,695,129 euros.

Original Story: Expansión

Translation/Summary: Richard D. Turner

 

VGP Acquires a 15,000-m2 Plot of Land in Cheste

19 November 2019 – The logistics developer VGP has acquired a more than 15,000-m2 plot of land from the Generalitat Valenciana’s Circuito del Motor y Promoción Deportiva (CMPD). The state-owned firm put the asset up for sale in August at an initial price of 2.7 million euros. VGP was the only bidder.

The land is located near the A3 Valencia-Madrid highway and is a part of the Cheste Circuit Business Park sub-division project. The public company currently has no plans to sell its second plot of land in the area, located near to the Ricardo Tormo Circuit. The company has been the only one to present an offer.

Zoned as urban land for commercial or industrial use, the plot of land has an area of ​​15,360.66 square meters and a buildable area of ​​9,984.43 square meters.

Original Story: Valencia Plaza – Begoña Torres

Adaptation/Translation: Richard D. K. Turner

Habitat Acquires Land for Residential Development in Bétera

31 October 2019 – Habitat Inmobiliaria has acquired a 25,600-m2 plot of land in the Torre en Conill residential development in Bétera, Valencia. The land has roughly 11,100 m2 of buildable surface area, sufficient to build 80 homes. Habitat expects to invest a total of 17 million euros in the project.

The development is located in one of the most developed areas of the western part of the metropolitan area of Valencia, next to the Technology Park and the Scorpion Golf Club.

Original Story: Levante

Adaptation/Translation: Richard D. K. Turner

Two Plots of Land Sold in the Parc Sagunt Business Park

9 October 2019 – The logistics firm Lannutti España SL has acquired a 13,699-square-meter plot of land in Valencia’s Parc Sagunt for 1.38 million. The Italian group will develop a new logistics hub next to the Port of Sagunt, just north of Valencia, where it has an important client.

At the same time, the Valencian company Taberseo SA also acquired a 11,712-m2 plot of land in the same industrial park for €1.2 million. Taberseo distributes home, kitchen and table products and works with such clients as Alcampo, Carrefour, Makro and Dinosol.

Original Story: Levante – José Luis García

Adaptation/Translation: Richard D. K. Turner

Eurostars Hotels Acquires Two Hotels from HIP

4 October 2019 – Eurostars Hotels has acquired two new hotels; first, the four-star Eurostars Málaga, in the city of the same name, and, second, the 4-star Eurostars Acteón on Calle Vicente Beltrán Grimal de València in Valencia. Eurostars acquired the two units from HIP for an undisclosed amount.

Original Story: Valencia Plaza

Adaptation/Translation: Richard D. K. Turner

Cerberus Sells Hotel Feria in Valencia

4 October 2019 – The US-group Cerberus has sold the Feria Hotel in Valencia to an undisclosed buyer. The 140-room, 17-floor hotel is located in the neighbourhood of Benimàmet and was originally built in the 1980s.  The buyer is expected to reopen the hotel, which has been shuttered for over a decade.

Original Story: Valencia Plaza – Begoña Torres

Photo: Kike Taberner

Adaptation/Translation: Richard D. K. Turner

 

Kronos Homes Hires Architect Ricardo Bofill to Design its Ikon Tower in Valencia

3 October 2019 – Kronos Homes has hired the architect Ricardo Bofill to design the plans for what will be the highest residential tower in Valencia. The firm has named the future 100-meter building Ikon.

The Ikon apartment building will have two towers with 30 and 40 floors, located at the beginning of Avenida Cortes Valencianas. The project, which will cost 70 million euros, will consist of a total of 203 one-to-four-bedroom flats, along with a Mediterranean garden, swimming pool, solarium, gym, social club and a retail area.

Original Story: Cinco Dias – A. S.

Adaptation/Translation: Richard D. K. Turner

Castlelake Acquires Land for 1,000 New Homes in Valencia

27 September 2019 – The US fund Castlelake, the majority shareholder of Aedas Homes, has acquired sufficient land, 100,000 square meters, to develop 1,000 homes in Quart de Poblet (València) from the real estate developer Grupo Ática.

Grupo Ática owned 60% of the total land in the new development, enough to build 1,400 homes out of a total of 2,300.  After the sale Ática will still own land for 400 homes, all of which will be subsidised (VPO). The two firms declined to reveal details of the transaction.

The remaining 40% of the land is owned by: Metrovacesa, with 6%; Dosval, with 3%, and the Quart de Poblet City Hall with 11%. Small property owners account for the remaining 20%.

Castlelake’s investment in the new development is expected to exceed 28 million euros, with €23 million in infrastructure works.

Original Story: Valencia Plaza – Estefanía Pastor

Adaptation/Translation: Richard D. K. Turner

Neinor Gains Approval to Begin Work on €86-Million Sky Homes Development in Valencia

24 September 2019 – Neinor Homes has obtained approval for its Sky Homes mega-development in Valencia. The new complex will consist of four residential towers with twenty floors each, for a a total of 417 flats. Neinor plans to invest 86 million euros in the development, including the acquisition of the land.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Xpandia to Invest €43 Million in Hotels in Valencia, Andalusia and Madrid

16 September 2019 – Xpandia, a developer specialising in building hotels, announced that it expects to invest a total of 43 million euros in eight assets throughout 2019. The company currently has five projects underway and is looking to acquire another three. All but one of the assets are located in Valencia and Andalusia. The last is in Madrid and would be Xpandia’s first investment in Spain’s capital.

Original Story: Eje Prime – Marc Vidal Ordeig

Adaptation/Translation: Richard D. K. Turner