Thursday, January 21, 2021
Home Office Parla Approve...

Parla Approves a New Technological and Business Park Spanning 6 Million m2

Parla City Council has given the go-ahead to the new PAU 5, which will span almost six million square metres of industrial, tertiary and commercial land.

Parla City Council (Madrid) has approved the partial plan PAU-5 with the abstention of Ciudadanos and one vote against by a councillor. The plan, which dates back to 1997, involves the development of almost six million square metres of land in the Madrilenian municipality. Only 600,000 square metres of land has been developed in the area to date, specifically, the UE1 sector.

The project, which was started before 2000, was abandoned in 2015 pending the issuance of sector reports by the relevant administrations. During that legislature, the City Council required such reports from the Compensation Board and the Community of Madrid. On 22 December, Parla City Council received an affirmative response from the General Directorate for Sustainability and Climate Change, which allowed the approval of the plan.

Read the full article in Spanish.


Which Are the Areas of Madrid Where Homes Are Sold or Rented the Quickest?

The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.

Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases

It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.

Special B-Exclusives: How Many Square Metres Did Spaniards Spend the Lockdown in?

Every household in Spain has an average of 42.75 square metres for each inhabitant, with 2.51 people in each home. Ceuta, Melilla, Guipúzcoa and Madrid are the areas with the least space.

The Retail Crisis of 2008 Lasted 5 Years As Store Prices Fell by 33%: How Much Could They Fall During this New Crisis?

The Covid-19 crisis has come at a time when the prices of commercial premises have not yet recovered from the previous recession, the consequences of which lasted for five years.

Latest news

The Modoo Shopping Centre: The First to File for Creditor Bankruptcy Due to Covid

RPPSE Espacio Oviedo, owner of the centre, has filed for voluntary bankruptcy for its Asturian centre due to the impact of the crisis, which has caused difficulties in terms of access financing and investors.

Moody’s Warns of the Impact on Investment of the New Anti-Eviction Law

The ratings agency has pointed out that the suspension of evictions is a measure that will erode the rights of creditors and slow down investment in the residential segment.

The US Group Sonder Makes its Debut in Spain with a Hotel in Madrid

The American firm has taken over the management of a building with 22 tourist apartments in the Malasaña neighbourhood of Madrid and is looking for new opportunities in Barcelona.

House Sales Grow Again After Eight Months of Decreases

Figures from INE and the notaries confirm the improvement in house sales and loans post-lockdown. In this way, 39,653 homes were sold in November, 5.4% more than in October and 1.9% more in year-on-year terms.