Author Topic: Odd Real Estate Deal Spain  (Read 444 times)

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Plane

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Odd Real Estate Deal Spain
« on: July 22, 2015, 05:28:53 AM »
http://www.msn.com/en-us/news/offbeat/spain%e2%80%99s-unused-billion-euro-don-quixote-airport-is-about-to-be-sold-to-a-chinese-investor-for-just-dollar11000/ar-AAdgNOx

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.................an hour outside Madrid built an airport for €1 billion ($1.1 billion). The town, Ciudad Real, at the time named the new airport after Don Quixote, the windmill-fighting.................a Chinese investment company is set to buy the airport former known as Don Quixote—for a paltry €10,000, or $11,000. In fact, it was the only bidder.

Xavier_Onassis

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Re: Odd Real Estate Deal Spain
« Reply #1 on: July 22, 2015, 11:43:39 AM »
They sold it cheap because they want someone to maintain and pay taxes on it.

If the Chinese investors have a use for it, then they have made a smart deal.
"Time flies like an arrow; fruit flies like a banana."