The public company Zaragoza Expo Empresarial, controlled by the DGA with 97.85% of the shares, has resorted to the courts to achieve the extinction of the reversion rights that the ex-owners of Ranillas have who sold the land for the celebration of the event.
Official sources of the Aragonese Executive indicate that the legal services have presented 29 of the 102 demands foreseen on the totality of the original plots. This step has been taken after the property registry refused to lift the charges, as requested by the Administration, without having a judicial guarantee. So far, eight former owners of the estates have acquiesced and renounced their right and many others have done so partially, given that there are several heirs in several of them and they should not yet be counted in their entirety.
For now, only one of those affected has objected and defends in one of the courts that accumulate these causes his right to be able to exercise the reversion clauseestablished in the purchase option contracts signed in July 2004.
The clause was very clear and established the right of sellers and their descendants to recover the land “if in the future a residential use is allowed totally or partially; that is to say, of construction or building of houses, individual, collective or of any other nature”.
The exercise of this right may be exercised within a period of four years counted “from the time the General Plan for Urban Planning or any future regulation” allows the land to be used for residential use.
This issue is key to the operation of the 270 rental flats announced in Ranillas, which the Executive now defines “residence and social equipment” in the specifications for the bidding of the project and the construction management. With this qualification, it intends to shield itself from any former owner of the land who hypothetically could still exercise the right of reversion.since collective residence is currently a compatible use.
In the autonomous Executive they clarify that the process to lift the registration charges began two years ago due to the requirements of the State Attorney when it came to acquiring offices for various organisms. And the same thing happened with some parking spaces for the National Police, given that it was argued that since it was a public sector, it was not possible to buy conditioned properties. “From there, and of course without having in mind the accommodation project for young people, it was decided to initiate procedures to lift the registration charges of retraction for the entire Expo”, they add.