Mestalla: ADU still does not close the sale of the tertiary zone

Valencia relies on the advances of the Cooperative and maintains its forecast to resume the work of the new stadium in the first half of 2020.


Valencia maintains its forecast to resume the construction of the new stadium in the first half of 2020. This was highlighted on Friday by 'El Economista' and confirmed by AS. The club held a meeting with the City Council last Thursday to discuss different issues related to the Mestalla plot (extension of the ATE) and to building permits. Valencia's roadmap goes through the resumption of works in the coming months, although ADU Mediterráneo has not yet submitted or closed all the milestones required by the club to sign the contract for the sale of the Mestalla plot.

The Cooperative still does not close the award of the 41,456 square meters that will go to the tertiary zone in the Mestalla plot. The parties had marked the month of October for the binding offer to become a purchase-sale contract, although, now, they are not as sharp in the times as Mateu Alemany was on the day of the announcement of the agreement.

From the club there is talk of “significant advances” in the commitments acquired by ADU Mediterráneo (the adhesions to the 485 homes go by a percentage higher than expected, which was 70%) and therefore it is given margin to close the sale of the tertiary of the Acequia de Mestalla project. If the operation was completed and works resumed in 2020, Valencia would open a house in 2022.



Photos from as.com
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