Land Prices and Production in Ribera del Duero Continue to Increase

5 August 2019

The Ribera del Duero wine region is in the midst of a boom, with production fully sold before harvest. The area produced 133 million tons of grapes, the second largest haul in  history from a total of 23,200 hectares of vineyards and 8,300 wine growers. The grapes supplied 315 wineries classified under the Denomination of Origin (DO).

While some investors think that the price of land in the region has risen too far too fast, the profile of buyers these days is undergoing a sea change as more professional winegrowers and entrepreneurs are looking to buy land. Thus, prices are expect to continue to increase, but at the more sedate, estimated range of between 5 and 6 percent per year.

Original Story: El Confidencial – Graciano Palomo

Adaptation/Translation: Richard D. K. Turner

Vega Sicilia’s Owners Enter Real Estate Sector with Pavalgan

4 May 2018 – Eje Prime

From wine to real estate. The Álvarez family, owners of the Spanish winery Vega Sicilia, have created Pavalgan, a real estate company through which they will convert unique buildings into luxury homes. The company has already closed its first project in Valladolid.

Pavalgan is going to make its debut with a building dating back to 1860, located at number 5 Calle Claudio Moyano in Valladolid capital. Marketing of this residential development will begin shortly, according to Cinco Días.

The new real estate company is going to be led by one of the sons of Pablo Álvarez, CEO of Vega Sicilia, Juan Carlos Álvarez Esteban, who will be advised by his Project Director, the architect Miguel Maldonado. The first project is going to be carried out by Rafael Robledo’s architecture firm, which specialises in the renovation of old buildings.

Original story: Eje Prime

Translation: Carmel Drake