20 Apr, 2016 @ 08:30
1 min read

Ciudad Real ghost airport finally sold for €56.2 million

ciudad real airport  e

‘GHOST airport’ Ciudad Real has finally found a buyer after years of failed bids and rock bottom prices.ciudad real airport2 (1)

The white elephant that stood as testament to pre-crisis overspending has been sold to Ciudad Real International Airport SL for a total of €56.2 million.

Although five companies bid for the site, CR was the first to successfully deposit the €1.873 million necessary to secure the sale, with four months to complete the payment.

Presiding Judge Carmelo Ordonez said it was a ‘satisfying’ day as the airport had been on the market since December 2013, originally priced at €100 million.

The story courted controversy when a Chinese consortium attempted to bag the airport for just €10,000 in July 2015.

The consortium, Tzaneen International, was almost successful but outbid by a British private military aircraft company which failed to present the cash.

Bank guarantees presented by Swiss millionaire Richard Taffin de Givenchy, who offered an incredible €200 million this March, were declared ‘invalid’.

While the airport originally cost almost €450 million to build and has the longest runway in Spain, it was designed to handle two-and-a-half million passengers per year and in fact only hosted 190,000 over three years of operation.

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