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The Galician government boosts business with new land grants

The Galician Xunta has awarded the first five plots of business land in the Salvaterra de Miño-As Neves Logistics and Business Platform (Pontevedra), totaling almost 69,000 square meters. According to Ángeles Vázquez, Regional Minister for the Environment, Territory, and Housing, the territory will be used for an intelligent factory.

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The Xunta, Galicia’s autonomous government, announced the land grants at a press conference in Vigo by the Regional Minister for the Environment, Territory, and Housing, Ángeles Vázquez. He said that three plots totaling 63,000 square meters had been awarded to the Hijos de Carlos Albo canning company. The company will set up an intelligent factory in the area.

In addition, he indicated that the company Vallejo Low Cost will locate a gas station on a plot of 3,300 square meters and that almost 2,600 have been awarded to the Arbinova Technology Group, which will focus on prostheses for animals.

In this context, the Regional Minister has specified that the plots have been granted in surface rights, which allows the beneficiary companies to use the land through the payment of 1.5% of the price of the plot during the first two years. Meanwhile, the Regional Minister has set a preliminary price of 2.5% in the next two years and 3.5% from the fifth year.

Specifically, the companies have been granted surface rights to the land for a period of 30 years which may be extended to 60 years. This means that companies, the installation of which can already begin, must carry out an industrial activity for at least five years as part of the land grant contract.

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Industrial land at a reduced cost

Meanwhile, Francisco Conde, the Regional Minister of Economy, Employment and Industry, has assured that this initiative will allow companies located in Galicia to have industrial land at a reduced cost to continue their expansion, as well as to attract new projects. Thus, he highlighted the commitment of the Albo cannery to the development of an intelligent factory and emphasized the importance of betting on innovation to improve business competitiveness.

He also recalled that, through agreements reached with various municipalities, the Xunta will promote tax relief of up to 95% for companies and insisted that the Galician Government will continue its work in this line to fix the industrial fabric in the community.

Likewise, Ángeles Vázquez highlighted that the urbanization works of the first phase of the Logistical Business Area (LE) of the Plisan and the wastewater and drinking water treatment plants are also underway. In addition, he pointed out that the urbanization works of the second phase of the business logistics area have been put out to tender, where part of the awarded plots are located.

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(Featured image by Chris Liverani via Unsplash)

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First published in 20 Minutos, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.

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