€5.9m property bonus

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€5.9m property bonus

THIRTY-THREE publically owned buildings on the Costa del Sol are to be sold off to fund millions of Euros of projects set out in its annual budget.

Velez Malaga’s Mayor, Antonio Moreno Ferrer, and the Councillor for Contracting and Patrimony, Antonio Moreno Ocon have been responsible for identifying valuable plots in the town, as well as in Torre del Mar, Chilches , Benajarafe, Lagos and Trapiche, totalling more than 27,600 square meters.

Mayor Ferrer said the sales would fund 40 initiatives; “important projects which will help develop the town.”  He added, “it is important to have the money to pay for these investments and over this month we will see this happen and we should be able to start selling in September,” stating, “seventy per cent of the legal technicalities are already finished.”

Councillor Ocon confirmed, “we have sorted out the legalities of the plots, dealing with any charges on them and registering everything properly.”

Within the town’s budget, €13.4 million have been earmarked for investments, €5.9 million of which will be funded by the sale of property.

Under the initiative, the Mercovelez building will be reformed for administrative use, a social centre will be completed in the Romeral area, and improvements will be made to the Casa Cervantes, the Centre for Drug Addiction, Casa Larios, Caleta Tenure, Palacio Beniel and Local Police station.

Commercial premises are also planned for the San Francisco market, as well as refurbishments to Plaza de la Constitucion, Lope de Vega theatre and Benajarafe’s day centre. Councillor Ocon added funds will also be put aside for the town’s air show, Maria Zambrano park, Torre del Mar’s cleaning service, the parks and gardens department, Torre del Mar’s scenic arts space and to improve the Local Police’s communications services.

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