Vice-presidency acquires a plot of land in the Felanitx industrial estate to build warehouses at an affordable price for industrial companies

Dec 16, 2022 | Current affairs, Featured, Thursday Daily Bulletin, Tradition

The Vice-President and Minister of Energy Transition, Productive Sectors and Democratic Memory, Juan Pedro Yllanes, has visited the site that the Balearic Islands Institute for Business Innovation (IDI) has acquired on the Felanitx industrial estate to build modular warehouses for industrial companies. The mayor of Felanitx, Jaume Monserrat, the director general of Industry, Antoni Morro, and the managing director of the IDI, Mariona Luis, also attended the visit.

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Yllanes stressed that “the aim of acquiring this site is to make industrial land available to the municipality’s SMEs at an affordable price”. The vice president recalled that “the industrial land study presented by the IDI highlighted the lack of industrial land and warehouses for small businesses. That is why the IDI has decided to invest in this plot in Felanitx for the construction of modular warehouses”.

The acquired land has 1,847 square metres and is in an easily accessible location. The IDI will build five attached modular warehouses of 160 square metres each. In addition, ten parking spaces are also envisaged. The total cost of this action will be 988,000 euros, of which 618,000 euros correspond to the construction of the warehouses and the rest to the acquisition of the site.

For her part, the managing director of the IDI, Mariona Luis, declared that “this initiative will also benefit Felanitx, as it will contribute to revitalising an industrial estate that is attracting more and more interest among businesspeople, as it will take small industrial companies out of the urban centre”.

It is expected that within the first quarter of 2023 the project for the execution of the warehouses can be commissioned and then construction will begin. After completion of the construction work, the IDI plans to lease the halls to industrial companies with an option to buy.

According to the report on supply and demand for industrial land in the Balearic Islands prepared by the IDI, the Islands have 9,791,707 m2 of industrial land, of which 14.58% is available (1,427,866 m2).

In addition, among the conclusions drawn from the figures, it is worth noting that in municipalities where there is no industrial estate or where it is new, as is the case of Felanitx, there are numerous industrial companies located on rural land or in urban centres. The study also shows that the price per square metre and the lack of land and warehouses hinder the expansion of local industry.

It is for this reason that the IDI has historically promoted industrial estates and warehouses in the Balearic Islands to allow small and medium-sized companies, located in the urban core of a municipality, to newly created companies, to settle in an orderly land, with all its services and at an affordable price.