The Management Company for Assets Arising from the Restructuring of the Banking Sector (Sareb) has launched a land property sales campaign aimed at investors and developers. Including more than 150 properties, the set of plots totals over 1,500,000 construction-suitable square metres of land available for housing, office, commercial, hotel and industrial unit development.
The lots are distributed throughout most of Spain's territory, but predominant locations are found in Andalusia, Aragón, the Balearic Islands, Catalonia, the Valencian Community and Madrid. Nearly a third of the land is located on the coast and is intended for secondary residence development. The online sales campaign is being conducted through the microsite http://suelos-sareb.es, which enables access to the information on assets for sale.
Most assets consist of land for residential development. However, they also encompass lots for tertiary use in provinces such as Guadalajara, Madrid, Malaga, Murcia and Valencia. These plots are suitable for the development of approximately 250,000 square metres of office or industrial unit space.
"Sareb has ascertained the existence of a demand for construction-ready land in various locations of the Spanish geography where the company has assets. We therefore believe that this is an appropriate time to launch the campaign," explains Alfred Guitart, Sareb's Managing Director of Business. "Our ample portfolio allows us to segment both geographically and by product in order to obtain the best return on the assets we manage".
Marketing of these Sareb land properties will be handled by the company's distribution channels: Altamira, Haya, Servihabitat and Solvia.
Nearly 30% of the properties included in this campaign are located in the Community of Madrid, with construction potential amounting to some 367,000 square metres. Noteworthy are the plots available in Alcalá de Henares, Arroyomolinos, the city of Madrid, Torrelodones, Valdemoro, Leganés and San Fernando de Henares.
Also worth highlighting are the 20 properties for sale in Andalusia (with an area of approximately 231,000 square meters of land apt for construction). Most of these assets are located in the province of Málaga, although properties are also available in Granada, Córdoba and Cádiz. All are residential land-type properties, with the exception of two plots geared towards hotel and commercial use in Marbella and Vélez-Málaga.
In the Valencian Community, 39 lots are available, with a building area potential totalling approximately 215,000 square meters, most of which is residential. Two thirds of this offering are concentrated in the towns of Moncofa (Castellón) and Gandía and Sagunto (Valencia). The latter features an industrial land site suitable for attached industrial units with an area of close to 16,000 square metres. In turn, there are 17 plots in Catalonia with 70,000 square meters of suitable building area. Amongst these, most are located in the city of Barcelona; however, the offering also includes others in, for example, Terrassa, Sabadell and Llinars del Vallés (Barcelona) and Ametlla de Mar and Riudoms (Tarragona).
Finally, there are additional land properties worth highlighting in Palma de Mallorca (Balearic Islands) and in Zaragoza (Aragón). The former consists of a plot of land for non-residential, industrial or commercial use located in Estadi Balear, with a building potential in excess of 10,000 square metres. In the case of Zaragoza, the nine properties selected have a combined area suitable for construction of over 62,000 square metres, both within the downtown area and in new developments.