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Madrid City Council Receives No Offers for its Land Auction in Valdebebas

The land comprises two buildable plots for tertiary use spanning 40,000 m2 for which the City Council had expected to receive at least 37 million euros. However, the auction has sparked no interest.

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In September, Madrid City Council convened a public tender for the sale of two plots for tertiary use located in Valdebebas, one of the capital’s expansion areas.

For the two plots, Madrid City Council had expected to obtain at least 37 million euros, but it has not received a single offer, according to market sources speaking to El Confidencial.

Read the full article in Spanish.

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