bankruptcy administration Amaro Group has put the industrial complex up for auction, aiming to maximize recovery for creditors. The site, a major fishing hub in the province, sits adjacent to the Plain of Sparta and has become a preferred logistics location for firms seeking proximity to major routes. It is part of the liquidation process triggered after the company declared insolvency in November of the previous year, a consequence of the hospitality sector’s shutdown during the pandemic and the subsequent financial strain that followed.
two years earlier, the company had undergone a sale to the investment fund Acadia Capital by the Amaro family. That deal later became contentious, ending in a court intervention driven by disputes between the involved parties.
the auction is being organized by the private platform Eactivos.com, which has published the listing online to invite bids. The bidding window is open until November 3, offering a straightforward path for interested buyers to participate.
this type of sale is customary when the production unit of a company cannot attract a buyer willing to continue operations. In such situations the bankruptcy administration proceeds with the sale of company assets, aiming to secure the highest possible price to satisfy creditor claims.
participation through a platform like Eactivos enables broad access to bidding, provided bidders place a deposit equal to 10 percent of the asset’s stated valuation. In this case Amaro’s ship is appraised at nine million euros, requiring a deposit of 900,000 euros. It should be noted that this does not impose a minimum bid; the platform itself states there is no mandated floor price.
the warehouse on offer ranks among the largest in the city, with total surface area of 22,449 square meters, distributed across five parcels with varied building structures. For context, the adjacent Mercadona hive site covers 19,000 square meters.
the complex is laid out with a clear distribution plan: offices, hangars for storage and vehicle parking across four levels (covering 1,450 square meters), along with a garage and access zones, loading docks, and transit corridors. There is also a second building between Estrella Polar Street and Saturno Avenue, spanning three floors and linked by stairs and a freight elevator. The layout includes car parks, warehouses, sanitation facilities, machine rooms, handling spaces, a wash area, doorways, loading and unloading piers, a fresh room, auxiliary offices, and storage zones.
inside the compound, a number of cold storage rooms, two warehouses, freezing tunnels, and machinery rooms exist, along with an additional space dedicated to electricity and utilities. From a constructability standpoint, if expansion is desired, the maximum permissible height is four floors and 16 meters.
Amaro Group filed for bankruptcy with 26 million debts
the Amaro Group comprises five companies now pursuing voluntary bankruptcy proceedings, initiated late last year, with total liabilities estimated around 26 million euros. A significant portion of this figure reflects intercompany debts among the holding’s subsidiaries, while financial and supplier debts are expected to hover around nine million euros, according to sources.
the bankruptcy filing followed an unsuccessful refinancing attempt, an effort to secure liquidity either through the sale of the group’s largest vessels or through bank negotiations. The stress on the group’s finances became visible after the founding family sold the enterprise to Acadia Capital in August 2019. An audit, conducted as part of the settlement, reportedly uncovered hidden liabilities and suggested a more precarious financial position than previously anticipated, fueling disagreements over the deal price. Allegations from former owners included court actions to challenge the circumstances surrounding the transaction and its aftermath, as reflected in subsequent legal proceedings.