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Suma initiates credit operation for Banco Sabadell building purchase in Alicante

The governing council of Suma will approve a €10.5 million modification on Monday for the purchase of the Banco Sabadell building on Calle San Fernando, which will house the new central headquarters after a comprehensive renovation.

Suma initiates credit operation for Banco Sabadell building purchase in Alicante

The governing council of Suma Gestión Tributaria is set to approve a €10.5 million modification on Monday, which will facilitate the purchase of the Banco Sabadell building located on Calle San Fernando in Alicante. This initiative aims to transform the 4,000 square metre property into the new central headquarters for the organisation, pending a successful agreement with the bank and a comprehensive renovation.

To advance this operation, the council will incorporate the €10.5 million into its budget, covering both the purchase and associated costs. The proposed budget modification will also be reviewed by the Finance Commission and is expected to be approved in an extraordinary plenary session scheduled for Thursday, 20 November.

If an agreement is reached, Suma plans to undertake extensive renovations of the building at Calle San Fernando 40, which are estimated to take between two to three years. The renovation will respect protected elements, including the façade, staircase, and the exterior of the property.

Upon completion of the renovation, Suma's current headquarters, located on Rambla, will relocate to the new building. The council and the Diputación de Alicante will then evaluate the future of the existing premises, including the possibility of selling them to finance the purchase and renovation of the new central offices.

“The acquisition of a new institutional headquarters will enable Suma Gestión Tributaria to meet its growing space needs and move towards a more efficient and integrated organisation,” said Toni Pérez, president of the Diputación. “The current facilities, situated in a residential building, have reached their capacity limits.”

The new property will facilitate the gradual concentration of services, enhance internal coordination, and provide more suitable spaces for institutional activities, including an auditorium for events, training activities, and community engagement.

Pérez also emphasised that this operation represents “not only a strategic investment but also a commitment to the recovery and enhancement of the city's architectural heritage,” as the protected building will undergo a rehabilitation project that balances the conservation of its historical elements with the needs of a modern institution.

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