NewsLetter SiGLA 13 in .pdf format
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29
MAY
2020
MAY
2020
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An innovative product in the industrial real estate sector
Sigla manages to finish the works at SteelBox Móstoles despite the Covid19 crisis
The advanced state of the works has ensured its completion despite the necessary break in the second fortnight of the Health Alert.
The complex is located on Julio Cervera Street in the technological estate, in front of the ThyssenKrupp industrial complex, and occupies a 2,520m2 plot of land for the construction of two parallel buildings and their corresponding provision of parking and services.
25
MAY
2020
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MAY
2020
A health crisis was not included in our portfolio of “unforeseen events”
Is the commercial real estate development sector prepared for the New Normal?
Alfonso Villacorta, CEO of SiGLA
At the end of the 17th century, the English discovered black swans in Australia. A shock, given that in Europe it was believed that all swans were white.
Three hundred years later, a Lebanese mathematician, Taileb, published a book with the title The Black Swan, in which he explains his theories. A black swan is an event a) highly improbable, b) of high impact and c) once it happens, it tends to be explained with logical reasoning.
Is the coronavirus a black swan? For most it seems so, but for others the event had nothing “highly improbable”. It seems that what is truly important is to recognize that we were not prepared, not only in terms of health, and that when it happened it was not known, neither diagnosed nor solved, mainly because when the future is negative we always tend to underestimate it.
The new crisis has brought us, among others, an acceleration of digitalization, greater state control, less middle class and poorer, more teleworking and electronic commerce, and new economic discussions, some about the value of Chinese authoritarian capitalism or a new idealized collectivism.
How all this influences our sector, it already seems catastrophic and we must work with that. A structural change is going to be imposed on us and it is necessary for us to be on the front line to adapt our businesses to the new reality. The success of our companies will depend on our success in this adaptation, foreseeing it, planning it and mainly making the right decisions; That is, what has always marked the success or failure of a business project.
20
MAY
2020
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MAY
2020
In the first half of last December, the earthworks and foundations began
SiGLA completes the works of a new “turnkey” supermarket for Eroski in the municipality of Alfoz Pamplona Zizur Mayor
The new Eroski establishment is located in the Plaza de La Mujer and aims to meet the needs of the public residing in the new neighborhood of Ardoi, in the northwest of the municipality.
Investment, project engineering, project management, construction, installations, complete equipment, decoration and finishes have been the services that SiGLA has provided for Eroski in this case. A “turnkey” establishment in which the operator goes directly in to place his merchandise on the shelves. Even the sale of the property has already been negotiated with an investor who will assume ownership once the development is completed.
15
MAY
2020
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MAY
2020
After the Aldi in Gernika, also developed by SiGLA,
ALDI inaugurates its second supermarket in Guipúzcoa
This Wednesday, March 4, it opened its doors to the public after seven months of development and one of fitting out and equipping.
The one in Eibar is the second establishment of the German operator in the province of Guipúzcoa and the twelfth in the Basque Country, and represents for SiGLA, Servicios e Inversiones en GLA, the third operation with the German operator, after a due diligence in Logroño and another recent investment in a newly created establishment in Gernika. In both cases, these are financial investments created and coordinated by SiGLA and intended for investment companies and family offices that are looking for turnkey products with high and long-term profitability.
5
MAR
2020
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MAR
2020
SiGLA has carried out the Due Diligence on the occasion of its purchase and sale
El Mirador, Las Terrazas and Caudalia, three Shopping Centers successfully transferred.
The process of research and collection of information, Due Diligence, on a real estate asset is essential so that the potential buyer or investor can determine the value and risks of an operation.
SiGLA, Servicios e Inversiones en GLA, S.L., has been providing this service to its clients based on the experience accumulated in the promotion and development of commercial real estate assets.
This service has recently been implemented in three operations carried out between the end of 2018 and this year 2019. SiGLA has prepared the three Due Diligence reports on the El Mirador and Caudalia shopping centers, in Gran Canaria and Asturias, and the Las Terrazas outlet park. on the same Canary Island.
8
NOV
2019
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NOV
2019
It is SiGLA’s third operation with the German operator
New ALDI establishment in the Guipuzcoan city of Eibar.
The development of the new supermarket began last summer and is scheduled for delivery at the end of January.
The city of Eibar, with 27,500 inhabitants and a population density of 1,100 h/m2, has a large Eroski hypermarket and the only El Corte Inglés shopping center in the province, which has not made the development of this investment less attractive.
8
NOV
2019
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NOV
2019
The works have started in September
SteelBox, an innovative real estate product from SiGLA in the Móstoles Technology Park.
Marketing work has already begun, with various advertising and promotion actions, as well as construction works that are progressing at a good pace.
The complex is located on Julio Cervera Street in the technological park, right in front of the ThyssenKrupp industrial complex, and occupies a 2,520m2 plot of land for the construction of two parallel buildings and their corresponding provision of parking and services.
The land leveling works have been completed with the construction of a perimeter wall as well as the foundation and accesses, and the erection of the prefabricated concrete structure is now beginning.
25
OCT
2019
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OCT
2019
On October 17 it opened its doors to the public
The new SiGLA development for Eroski is already operational in Aretxabaleta.
This has been a project of special difficulty in the administrative field given the status of a building protected as an asset of industrial interest.
In this case, SiGLA technicians have acted as project engineering, urban management and works coordination, which is why they have had to work hard to overcome the administrative procedures involved in changing the planning and modifying the use of a protected building. Indeed, it is the old building that houses the workshops of the historic Azbe firm that manufactured padlocks and locks for decades.
17
OCT
2019
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OCT
2019