Friday, July 17, 2015

Chinese group buys a Spanish airport for 10,000 euros – Ambito.com

     International
    
    
    Friday July 17, 2015

    
         
    



In an auction

The company bought Tzaneen International or 10,000 euros ($ 10,850) the private airport in Ciudad Real, considered a symbol of the excesses of the Spain real estate bubble and closed in 2012 after entering bankruptcy .

According to Spanish media reported, the Chinese group was the only bid for the airfield at a public auction held in Ciudad Real , a town of 75,000 inhabitants located south of Madrid .

The sale price was $ 10,000 , a figure that contrasts with the 450 million euros that cost infrastructure, commercial flights which operated from 2008 to 2011.
Being the youngest to 28 million euros price, corresponding to 70 percent of the estimated retail value, any company can occur in the next 20 days -hábiles- an offer to purchase exceeding that amount, said the press.

In a statement, Tzaneen International reported that his intention is to create a logistics platform in Ciudad Real , which could become an important gateway Chinese market entry Europe .

The British company Griffin-Pegasus Airports also interested in acquiring the infrastructure, expressed in the act of auction its intention to challenge it on the grounds that mistakes have been made so.

Promoters Airport Ciudad Real I conceived to derive there flights of low cost that were destined for Madrid . But the distance to the Spanish capital, about 200 kilometers, and other circumstances led to its decline.
In June 2010, he entered bankruptcy and four years later was first put on sale for 100 million euros, without success.

In 2012 it was used to shoot the film Pedro Almodóvar “The Loves passengers,” released that same year. Spain has fifty public airports, of which ten have less than a thousand passengers per month. Among private, the Ciudad Real is not the only one kept closed: either operates the Castellon (this), which was opened in 2011.

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