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Spanish government places portfolio on the market for €75M
12 June 2019 | Vanessa Sousa

A set of terrains located in Madrid were placed on the market by the Spanish Ministry of Defense, which estimates its value at 75 million euro.

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The interested parties have until the 3rd of September to present their purchase proposals for these assets located at number 32 Isaac Pera street and which, according to Eje Prime, have a new residential building permit.

The amount of terrains included in this portfolio was not disclosed, but, according to Eje Prime, the largest plot has 7.462 sqm GLA and is worth 6.6 million euro and the smallest one has 3.000 sqm and cost around 2.6 million euro.

According to the same newspaper, the auction will take place on the 18th of September, exactly 15 days after the proposal presentation deadline.