In Alicante, a new entry is shaping the local real estate story. Banco Sabadell recently sold the building it occupied, previously tied to CAM’s valuation specialist Tabimed, located in the Babel area of Alicante. The property comprised roughly 2,000 square meters of office space, currently leased to the tech multinational DXC as the tenant, and was put on the market for a price estimated between 1.3 and 1.7 million euros, according to market sources. The listing was handled by Solvia.
The buyer, Montive Real Estate, a company owned by a prominent business family from Villena, appears to have acquired the property as an investment, according to the same sources.
Situated on Calle Artes Gráficas, near the motorway interchange, the building was constructed in 1990 and underwent a full rehabilitation in 2010. It offers more than 2,000 square meters of built space spread across two floors, plus an additional module used as a garage. Unlike many nearby structures, it benefits from ample natural light due to its setback from surrounding borders.
Historically, the building housed CAM’s former valuation operations with Tabimed being a key player in a firm that ranked fourth in the country for the number of valuations and seventh for billing. Sabadell eventually acquired the firm as part of integrating CAM’s activities after the defunct savings institution tendered its assets.
During the liquidation and reordering of assets that followed, the operation continued to use the facilities until 2020, when remote work trends reduced space needs. The last Sabadell units in the building were the Risks and Prevention and Default Management teams.
Subsequently, the bank entrusted the commercialization of the building, along with the accompanying facilities, to Solvia. The property on Navarro Rodrigo square, a separate asset, has not yet found a buyer in Benalúa.
DXC lands in Alicante with a forecast of 200 jobs
The bank had acquired the property earlier in the year and leased it to the tech multinational DXC to establish a new advanced software engineering center. The project aims to support around 200 employees, and the center opened its doors in February. Sabadell maintains a close business relationship with DXC, including collaboration on testing and updating certain software programs.
Despite post-pandemic adjustments, Sabadell continues to hold notable facilities in Alicante. Notably, the bank still operates a regional headquarters in the city, the former CAM headquarters on Avenida de Oscar Espla, which has served as its registered office since a relocation in October 2017 amid regional political tensions. The historic CAM headquarters on San Fernando Street was transferred to the University of Alicante, a move that Sabadell did not publicly comment on.