Treasury rents the Cuzco IV Building to the General Secretariat of European Funds


The Ministry of Finance will lease the Cuzco IV Buildinglocated at Paseo de la Castellana, 141 in Madrid for exercises 2023 to 2025 to the General Secretariat for European Funds, attached to the State Secretariat for Budgets and Expenses, which needs a new building for its Offices in the capital. The transaction will be carried out for a total amount of €7,056,720corresponding to each annuity an amount of €2,352,240. The Council of Ministers has given the green light this Monday to the acquisition of spending commitments charged to future yearsto enable the lease of the Cuzco IV Building, as well as the extensions Y novations to be made in other leases.

The Department of Services and Territorial Coordination requested authorization to modify the limits of the budget application ‘Leasing of buildings and other constructions’, according to the level of bondingendowed in the budget for the year 2022, with an initial appropriation of €20,457,990. Charged to the aforementioned application, the leases of the buildings in which both the Central Services and the Territorial Services of the Ministry.

Subsequently, the September 6, 2022 The Agreement of the Council of Ministers was approved by which the boundaries established in article 10.Four of Law 22/2021, of December 28, of State’s general budgets for the year 2022, to acquire spending commitments charged to future years, in order to enable the Ministry to lease the building located at Calle Manuel Cortina, 2, in Madridas well as novations and rental reviews to be carried out in other leases.

In addition, charged to the aforementioned budgetary application, said Ministry has to face the increased spending that will take place in the years 2023, 2024 and 2025, as a result of the extensions and novations to be carried out in other leases, for total amounts of 1,383,472.49 euros, €96,019.47 Y €96,019.47respectively.


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