Spanish airport sold for €10,000 at auction

A Chinese consortium has bought an abandoned airport in central Spain for the knock-down price of €10,000 at an auction which price is 100,000 times less than the money spent on building it. The Chinese were the only bidders for the Cuidad Real Airport. However, it is not yet quite clear whether the bid has succeeded in clinching the airport purchase because there is still time for interested parties to make bids outside the auction.

The Tzaneen International Group said it had bought the airport to make it a focal point for the entry of Chinese companies into Europe. The Cuidad Real Airport had originally been built in 2008 as an alternative to Madrid’s Barajas Airport but had to close in 2012 when it went bankrupt.

 

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