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Azora presents offer to buy two lots from Atletico Madrid
27 May 2019 | Vanessa Sousa

Spanish real estate management company Azora presented Atlético de Madrid FC a binding offer to buy two of the three parcels next to the football club’s Vicente Calderón stadium.

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The offer’s amount was not disclosed, but according to information gathered by newspaper El Confidencial, the amount meets the club’s expectations, and, as such, the deal between the two parts should be closed. Azora plans to build new houses for the rental market in these terrains.

This proposal was presented at the final stage of the negotiations, during which Stoneweg and Concovi were also present. Presumably, now, these two companies should present bids for the other parcel belonging to this asset.

With the sale of these three lots, the football club expects to receive 180 million euro, mentions the same newspaper.