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Azvi Liquidates its Real Estate Arm with Land Worth €18 Million

The group controlled by the Contreras family has decided to liquidate its real estate division to settle debts between its companies; it has €18 million in land.

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Screenshot of the website of Azvi Inmobiliaria, which is no longer operational.

The Sevillan group Azvi, which is controlled by the Contreras family, has started the liquidation of its subsidiary, Azvi Inmobiliaria, with the aim of cleaning up the group and paying off the debts between the group companies, according to CEO, Manuel Contreras, speaking to ABC.

“On a voluntary basis, in May, the Azvi Group began the process to dissolve and liquidate its subsidiary Azvi Promociones Inmobiliarias, the parent entity of the real estate group, through a commercial restructuring of the company,” reported the firm. It added that “in no circumstance is the intention to terminate the group’s real estate activity”.

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