When this plan was approved, 15 years ago, El Corte Inglés was going to occupy the shopping centre and Colonial would build the dwellings, informed El Confidencial.
Nevertheless, the arrival of the real estate crisis changed both companies’ plans. Thus, Colonial, in order to survive, created a “bad bank” called Asentia, to which it transferred this terrain, Acciona showed interest in it at the start of 2020 and, despite the pandemic, purchased it from Colonial’s former branch at the end of last year.
The price of the operation was not disclosed, although it is estimated to have been lower than the 22 million euro Colonial paid for the same assets.
Now, Acciona is waiting for Terrassa’s municipality to approve a change to the urban improvement plan as to change the area’s use. Family group Entrecanales expects to maintain their commercial space, albeit smaller than the one projected by El Corte Inglés, and build a student and a senior residence.