British investors buy Spain's €1bn Don Quixote airport for just £7,000
Ciudad Real is one of a handful of ghost airports built during Spain's construction boom that has been abandoned.
Spain's "ghost airport" - that cost hundreds of millions of euros to build and which became a notorious symbol of the excess of the country's bonanza years has been sold to a group of British and Asian investors for just €10,000 (£7,000), the Telegraph reported.
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 regional authorities raised an estimated €1billion in private investment to build it. They had hoped it would draw millions of visitors each year to Ciudad Real and the surrounding area, which is known as the home of Miguel de Cervantes’s fictional knight Don Quixote.
But the airport itself soon became seen as a quixotic venture, drawing just 33,000 travellers in 2010.
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.