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Spain’s Treasury to Sell Properties in Barcelona Worth €70 Million

The Barcelona Economic and Financial Office announced that it would hold an acution to sell an array of real estate assets, including several retail premises, a petrol station and up to 500 parking spaces, aiming to raise at least million euros.

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The public administration is continuing its policy of selling off its real estate assets despite the crisis caused by the coronavirus. This time, the Barcelona Economy and Finance Office will put a diverse collection of properties up for auction, with which it hopes to raise some 70 million euros.

The portfolio includes several beachfront retail premises, some currently leased to such large operators such as McDonald’s-, a petrol station operated by Repsol, several nightclubs in the Hotel Arts and the Marina Village shopping centre and more than 500 underground parking spaces, also in the Marina Village, according to El Confidencial.

Read the full article in Spanish

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