The Executive Committee approves the update of the bases for the Public Offering of Real Estate, which can be consulted at www.zonafrancacadiz.com
The modernization of this process allows bids to be submitted electronically, shortens award deadlines and reduces the documentation to be submitted.
To evaluate the offers, criteria such as the creation of direct employment, the volume of investment and the start date of the activity are taken into account.
The Executive Committee of the Cádiz Free Trade Zone approved, at its meeting last Friday, February 19, the update of the Consortium's Public Offering Rules for Real Estate. These bases, which can be consulted on the website www.zonafrancacadiz.com, are those that regulate access to facilities – offices, offices, premises, warehouses, plots – both under lease and sale regimes.
The objective of this update is to simplify the process for submitting the aforementioned offers and streamline the subsequent award process.
Specifically, the modernization entails the simplification of the documentation presented and the possibility of scoring those who present additional guarantees. Furthermore, for Permanent Public Offers, the possibility of submitting documentation electronically is incorporated and the period for the Contracting Board to award an offer is reduced to 48 hours, which to date is one week.
It should be noted that for the evaluation of the offers, the Free Zone takes into account criteria such as the creation of direct employment, the volume of investment and the deadline for the start of the activity, in addition to to a lesser extent other elements that deserve a positive evaluation from the socioeconomic point of view such as the innovative R&D&I nature of the projects or energy savings and efficiency, among others. All criteria aimed at promoting the creation of wealth and employment in the province.
Regarding the rates included in the consortium's Public Offer, an exhaustive real estate market study is periodically carried out by the Institution's Commercial Department in order to obtain average sales and rental prices and facilitate the marketing of properties at competitive prices for the business community.
In general, the Consortium has advantageous general conditions such as hiring bonuses with discounts of 20% in the first year and 10% in the second for new clients or those who expand the contracted area; lease option with purchase option; compensation of income for works of a fixed nature that imply an improvement of the Free Zone facilities or an objective saving; and bonuses for entrepreneurs, which can reach 50%.