Spain

A private investor buys the Amaro warehouses in El Espartal for €3M

A private investor  buys the Amaro warehouses in El Espartal for €3M

The auction for the liquidation process of the company Distribución Amaro González, one of the largest fishing companies in the province, concludes with the awarding of its former facilities in the industrial estate of Llano del Espartal in Alicante to an investor from Alicante who bid with a final offer of 3 million. That is, 6 million less than the starting price for which the public sale was launched last October, although adjusted to its current market price. The identity of the buyer has not been revealed, as it is subject to confidentiality clauses. Nor has its field of activity been disclosed due to the same circumstances.

This operation allows Amaro's creditors to recover most of the debt the business group had pending payment. Among them, eight banks were active, compared to the ten with which the process began. These included Banco Sabadell, Caixabank, Cajamar and Unicaja, among others. BBVA, Banco Santander, Bankia, Global Caja, Unicaja, Arquia and Targobank were also present at the start of the liquidation process. In addition, the creditors also included Frioantartic SA, and Elektron Comercialización de Energía, suppliers of the group, and some twenty individuals, as well as the State, represented by the Social Security Treasury, the Tax Agency and Fogasa, in addition to the tax agency of the Diputación de Alicante, Suma, as reported by AlicantePlaza newspaper.

The complex, located on Estrella Polar street, is made up of several warehouses distributed over five plots and occupies more than 22,400 sqm in a location with quick access to the A-31, the E-903 or the A-79, which provides a competitive advantage for the exercise of any activity that requires good communications.

As for the distribution of the buildings, one of them is destined for offices, with four floors (and a surface area of 1,450 square metres). It also has a garage and access area, a loading and unloading bay and parking sheds with their respective passageways.

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