Seville City Council has approved the transformation of the former Altadis factory on the banks of the Guadalquivir River into three office buildings, according to El Confidencial.
In mid-2021, Altadis and investor group KKH reached an agreement to purchase and sell the former tobacco plant in Seville's Los Remedios district, which had been closed for more than a decade, for a real estate development valued at €200 million.
The project included the construction of a new first class hotel with some 200 rooms; the division of the Cubo building with two thirds of it for private use; the creation of a large public square, spaces for cultural and neighbourhood uses and the construction of a new pedestrian walkway over the Guadalquivir River.
The project now unblocked by the Seville City Council's Urban Planning Department is the work of Ruiz-Larrea Arquitectura and envisages the construction of an office complex with commercial spaces. The development will have a total of almost 10,000 square metres of floor space, divided into 6,000 square metres of office space, 1,700 square metres of commercial space and 600 metres of terraces for recreational use.
Based in Barcelona, KKH specialises in the development of complex real estate refurbishment projects. The company has carried out interventions such as the former headquarters of Caja Madrid, in Madrid's Plaza de las Descalzas, or the former headquarters of Deutsche Bank in Barcelona, at the junction of Paseo de Gracia and Avenida Diagonal.
