This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.
The objective is to advance the legal processing of the plots and obtain urban planning permits to create land fit for sale.
Santander's land management arm, Landmark, created last March, will be run by Alberto Quemada, who was, until now, adviser of the habitat real estate company, and former Executive Director of Quabit, according to Cinco Días.
The objective of Quemada will be to advance in the legal processing of the plots and obtain urban planning permits for the land that is owned by the entity led by Ana Botín. In this way, the land will become a finalist and its market value will increase.
Santander created Landmark and transferred all of its land assets, valued at 4,000 million euros gross, about 2,000 million net worth. The ultimate goal is to sell the entire company if attractive offers are received.
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