Going once, going twice…are you at all in the market for an airport? As reported by The Telegraph, you still may have a chance to make a bid on the Don Quixote airport, in Ciudad Real which is about an hour outside of Madrid. The Don Quixote was built in the construction boom of 2006 for €1 billion ($1.1 billion). Now, an investment company is set to buy the airport also known as Ciudad Real airport for only……wait for it……€10,000, or only $11,000! Tzaneen International was the only bidder, as reported by The Telegraph (read the full article here.)
Spain’s $1 Billion ‘Ghost’ Airport Selling For Only $11k?
“Ciudad Real airport airport, in the central Castilla-La Mancha region, has been closed since 2012, despite opening only four years prior to closure.The airport was previously made available at a price of €80 million, with that sale expiring on July 10 without any takers, allowing lower offers to be made.The purchaser is Tzaneen International, a group of Britsh and Asian investors, who were the only group to have made an offer in an auction.Although three weeks remain for counter offers, little interest has been reported in the airport on the part of other companies.The deal will include the landing strip, hangars, the control tower and other buildings. However, the terminal and parking facilities were not part of the sale.”
Who knows if this will really close for so little, but for now it sounds like the bidding is still open. If you have interest in owning an airport in Spain, $11k sounds quite reasonable! Happy bidding!