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Junta De Andalucía Puts 777 More Industrial & Residential Plots Up For Sale

Posted by: In: Real Estate 08 Nov 2017 Comments: 0 Tags: , , , , , , , , , , ,
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7 November 2017 – La Vanguardia

The Ministry of Development and Housing, through its Agency for Housing and Rehabilitation in Andalucía (AVRA), has launched a new supply of residential and industrial land for sale, spanning 900,500 m2 and distributed over 777 plots across all of the provinces in the autonomous region.

According to a statement from the department led by Felipe López, this latest supply comes after the current legislature has already sold plots with capacity for 1,473 homes, mostly social housing properties, and a total of 287,282 m2 of land for residential and industrial use.

In its last land offer of the year, the Ministry of Development and Housing highlights that it is seeking to sell land that already received planning permission from AVRA – and therefore, which is ready to build on – during the years before the crisis, like on the previous occasions since it resumed this activity at the beginning of the current legislature. With this, the Junta wants to boost the construction of homes, especially social housing properties, and to encourage investment in the business fabric using the industrial land on offer (…).

According to the Ministry, the recovery of the management of AVRA’s land has allowed it to sell plots since 2015 whose combined sales price amounts to €50.2 million. The Agency has used the funds raised to boost new initiatives aimed at facilitating access to housing for those families with the fewest resources (…).

The bidding opens on 27 November

The new supply of land that the Junta is putting up for sale comprises land spanning 900,500 m2, distributed across 777 plots, with a combined total price of €117.6 million. 430 of the plots are for industrial and tertiary use, spanning 529,123 m2, whose combined price amounts to €40.6 million.

The residential land supply comprises 114 plots, spanning 97,134 m2, for 1,482 social housing properties, with a total price of €23.5 million; and another 220 plots, measuring 270,127 m2 for 1,559 private homes, with a price of €53.4 million. The Director General of Real Estate also owns another 134 plots for private residential use, with the capacity for 53 homes, whose management has been entrusted to the AVRA. These plots have an asking price of €3.8 million. The residential development plots are distributed across all eight of Andalucía’s provinces.

In addition, the sale includes 269 garages (€3.2 million), 112 premises (€15.2 million) and 10 storerooms (total price of €45,532) (…). Specifically, the date scheduled for the opening of bids is 27 November.

Original story: La Vanguardia

Translation: Carmel Drake

The post Junta De Andalucía Puts 777 More Industrial & Residential Plots Up For Sale appeared first on Aura Real Estate Experts.

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