Land auction in Valladolid

By designation of the Bankruptcy Administration of IZEL OBRAS E INFRAESTRUCTURAS S.L, Bankruptcy Procedure 134/2008, Commercial Court No. 1 of Madrid

IAG AUCTION

Land in Valladolid:

• LOT 1: Registered property no. 50840. Developable plot no. 3 in Valladolid. Cadastral reference: 8729901UM5182H0001WK. 17.4337% of ownership is transferred. Value according to Liquidation Plan: 609,936.60.

• LOT 2: Registered property no. 50850. Developable plot no. 6.3 in Valladolid. Cadastral reference: 8930301UM5183B0001ZR. 16.8702% of ownership is transferred. Value according to Liquidation Plan: 495,850.79.

• LOT 3: Registered property no. 50870. Developable plot no. 10.1 in Valladolid. Cadastral reference: 8929201UM5182H0001RK. 100% ownership is transferred. Value according to Liquidation Plan: 802,515.84.

• LOT 4: Registered property no. 50882. Developable plot no. 13 in Valladolid. Cadastral reference: 9031504UM5193A0001IX. 100% ownership is transferred. Value according to Liquidation Plan: 1,601,197.65

• LOT 5: Registered property no. 50884. Developable plot no. 14 in Valladolid. Cadastral reference: 8934202UM5183D0001MX. 81.0868% of ownership is transferred. Value according to Liquidation Plan: 1,718,000.00.

• LOT 6: Registered property no. 50866. Developable plot no. 9.2 in Valladolid. Cadastral reference: 8930304UM5183B0001WR. 100% ownership is transferred. Value according to Liquidation Plan: 874,107.12.

Six plots on undeveloped developable land, in the Preliminary Planning Area S.APP.03. The II, former Sector 50, of the PGOU of Valladolid, between the Los Santos Pilarica Partial Plan, and the VA-20 Interior Road, at the eastern end of Valladolid.

** ** The auction will run until 05/16 at 4:00 p.m.

Registration data: registered in the Property Registry No. 2 of Valladolid

Minimum bid: no minimum bid

Deposit: 15.000.-€

IBI and CCPP debts: See attached document in each lot.

Bases and Conditions of the auction attached.