The property consultant Knight Frank has been selected as partner to the study of architecture Hans Abaton to jointly develop projects of architecture, planning and interior design, both in the residential area and offices.
The approval will allow restoring normalcy first occupation licenses already granted and work that had been affected by litigation.
After the reactivation of licenses, it is estimated that in the next months the works of 1,000 new homes, mostly in private housing scheme will start.
The international property consultant CBRE has closed the sale of the building Gran Via 14 Madrid for around 21 million euros a Mexican private investor.
Telefónica has begun to drop ballast housing. And it does so at a time when investors are no longer on the market plan to materialize operations. According to sources in the industry, the company headed by Cesar Alierta has closed in recent months the sale of five buildings, for which he has entered EUR 65 million and seeks buyer for four other properties, for which expects another 60 million .Quoted designed a real estate efficiency plan for 2014 and 2015 that included the sale of nine buildings, with the impending technological changes, be totally obsolete in less than a decade, while the proceeds will make the investment necessary to adapt to changing times, as recognized from the company. Telefónica will continue in buildings as tenant-which in real estate parlance is known as sale & leaseback- seven to ten years, so that once the lease the new owner may dispose of the property completely.Currently -and although the market expected to go on sale new assets-, Telefónica seeks buyer for three buildings in Madrid (street Irun, near the Plaza de Santo Domingo and Moratalaz) and one in Barcelona, in the neighborhood of La Sagrera.These include the building in the Plaza de Santo Domingo, a few meters from Gran Vía, a very attractive asset for its location but also for its urban classification: Residential. Although Telefonica remain as a tenant for several years, the future buyer of the property may destine to houses in an area with a shortage of supply. It emphasizes the building of the road Irun, just ten minutes walk from Plaza de Spain and Principe Pio station, which may also become future homes. The last property for sale in Madrid, 5,800 square meters, is located in Moratalaz and also has residential use, as located in La Sagrera, Barcelona.Indeed, seven of the nine buildings offered for sale by Telefonica offer residential qualification. Only two have no such rating. The first, the building was purchased by the owner of Valencia Sausages Martinez, located in the Plaza del Ayuntamiento and has seven floors and almost 4,000 square meters. The urban classification of this property is for infrastructure. The second, the historical headquarters of Telefónica in Bilbao, at Buenos Aires, 5,500 square meters and sold a few weeks ago, has dotacional rating with commercial alternative use.
Read more: http://www.elconfidencial.com/vivienda/2015-01-28/telefonica-busca-comprador-para-edificios-en-madrid-y-barcelona-por-60-millones_631207/
The property, valued at 400 million, was owned by a consortium of companies.
36,376 square meters spread over nine floors tertiary and commercial use.
The first fortune of Spain further strengthens its investments in real estate.
