Vocento has assured it intends to «release investments in non-productive assets, so as to optimise its real estate portfolio». The buildings and terrains’ divestment was ratified by Vocento’s shareholder’s general meeting that took place on 16 of July 2020, but the property transfer only took place this Monday.
Despite the sale, Diario Vasco can continue occupying the building until 28 of April 2022. Nevertheless, the group believes this deadline will not be reached.
During the last few years, the editorial group has been carrying out a divestment plan. In 2016, it sold ABC’s headquarters in Madrid to REIT Axiare for 35 million euro, among other sales. Vocento currently has forty assets, such as offices, commercial stores and terrains.
Delivery of 4.500 dwellings
Basque firm Amenabar was established almost forty years ago and it has a family origin - it was founded by Luis Amenabar.
In 2020, the company announced its plan to deliver more than 4.500 dwellings in three years. Thus, it contemplates delivering 1.376 dwellings in 2021 and 1.485 in 2022.
In the Community of Madrid, the company has started or is expecting to start soon the construction works on nine projects. One housing project will be located in la Moraleja, two in Las Rozas, one in Alcobendas, another in San Sebastian de los Reyes, two in Valdebebas, one in Alcalá de Henares and another one in Rivas.