GED receives Carolina España, Minister of Economy, Finance, and European Funds of the Junta de Andalucía, at its head offices
• GED receives Carolina España, Minister of Economy, Finance, and European Funds of the Junta de Andalucía, at its head offices
On June 29, 2023, the eighth operation of GED Andalucía Urbano II was formalized. On this occasion, the Fund committed a total of 6.76 million euros for the construction of the urban sports center Enjoy Wellness Málaga, which will have a total investment of 9.89 million euros. This full-program sports facility will include an indoor and outdoor swimming pool, fitness areas, guided activities, paddle tennis, and other services, and will be operated by the Enjoy Wellness group.
Enjoy Wellness Málaga will be built on a 3,650 square meter plot owned by the Professional School San José (Society of Jesus), which has been granted to Enjoy Wellness Málaga through a surface right agreement. The construction works, for which the license has already been obtained, will begin immediately and are expected to be completed within 15 months.
With the formalization of this new operation, the volume of funds committed by the Urban Fund amounts to 71.5 million euros as of June 30, 2023, representing 75% of the total. We are on track to achieve our goal of closing 100% of the Urban Fund by the end of this year, in compliance with the deadlines established in the European regulations for the ERDF funds for the 2014-2020 period.
On July 14, GED accompanied the Vice Minister of Economy, Finance, and European Funds of the Junta de Andalucía, on an official visit to the construction site of the Residence Universitaria Status El Carmen, organized by the rector of the University of Huelva. The new mayor of the city also attended the visit during her first institutional visit to the University. This visit provided an opportunity to highlight the positive progress of the works with the aim of opening for the 24/25 academic year and strengthen our relationship with local and regional institutions.
In line with the above, on July 19, 2023, GED had the pleasure of welcoming the Minister of Economy, Finance, and European Funds of the Junta de Andalucía, Carolina España, to its offices for a working meeting on the Urban Development Funds managed by GED Infraestructuras in the region. During the meeting, we also had the opportunity to present GED’s activity in Andalucía in the areas of Private Equity and Venture Capital and evaluate future opportunities.