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Ministry Of Defence Puts Former ‘Hospital Del Aire’ Land Up For Auction

Posted by: In: Real Estate 04 Oct 2017 Comments: 0 Tags: , , , , , , , , , , ,
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4 October 2017 – Eje Prime

The plot of land (…) is located in the Arturo Soria neighbourhood of Madrid, one of the most expensive areas of the capital (…).

The Ministry of Defence is looking to shed weight. The government department has received authorisation from the Council of Ministers to put up for auction the land on which the former Hospital del Aire used to be located. The block is in disuse and has been vacant since 2011 when the old hospital building was demolished.

The asking price for the ownership of the land has been set at €25.1 million, for a plot spanning 28,341 m2. The former hospital has been included in the Ministry of Defence’s portfolio of buildings since 1945, when the former Ministry of Air acquired it, through a normal purchase and sale transaction.

In 2010, the Ministry of Defence managed to reach a pre-agreement with the Fundación Universidad Empresa to sell the building, but just six months later, the protocol that had been signed in that regard expired.

The express authorisation of the Council of Ministers to launch the auction was mandatory in this case, given that the sales value of the site exceeds €20 million.

Original story: Eje Prime

Translation: Carmel Drake

The post Ministry Of Defence Puts Former ‘Hospital Del Aire’ Land Up For Auction appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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