Spain

The Canary Islands Government buys the Urbis building in Las Palmas de Gran Canaria for €13.2M

The Canary Islands Government buys the Urbis building in Las Palmas de Gran Canaria for €13.2M

The Ministry of Finance of the Government of the Canary Islands has decided to exercise the option to purchase the Urbis building in Las Palmas de Gran Canaria for more than 13.2 million euros. Specifically, the operation affects six floors and 156 parking spaces in the building located in the Parque de Santa Catalina, according to Canarias7.

This building already houses different services of the autonomous government on a leasehold basis and there was a preferential right of purchase on it, according to the lease contract signed last April.

A month earlier, in March, the Canarian government approved the 10-year lease of the Urbis building for a total of 12.8 million euros, with an option to buy for 13.5 million euros.

The aim was to expand the facilities of Cecoes - the Coordinating Centre for Emergencies and Security - and GSC - Management of Services for Health and Security in the Canary Islands -, as well as to locate some services of other departments that needed more space.

Compared to the initial agreed budget of 13.5 million euros, the acquisition will cost 240,000 euros less.

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