The investment group has submitted the highest bid in the liquidation process of the former La Naval shipyard and so will pay 30 million euros to acquire the 280,000 m2 site.
The company plans to invest 190 million euros in the development of 12 logistics projects on the Iberian peninsula, which will span more than 200,000 square metres.
País Vasco, Navarra and Valencia Open The Door to The Expropriation of Homes Like the Balearic Islands
The Government of the Balearic Islands already has in place regulations in this regard and recently started procedures to expropriate 56 properties.
The Covid-19 pandemic has led the authorities to impose restrictive measures on the population that have had an impact on the real estate sector.