A group of Chinese investors has bought the abandoned airport at Ciudad Real for €10,000 after submitting the only bid for the facility at a court bankruptcy auction.
Last Friday, Tzaneen International was awarded the land and buildings, including the runway, hangars and control tower at Ciudad Real Central Airport in Castilla-La Mancha – the first major airport to be built in Spain with private investment.
However, the Chinese group will not control the terminal or the parking areas, according to the terms of the tender.
Little is known about the group except that it is an “investment vehicle” registered some months ago in Spain with the sole purpose of taking part in the court-sponsored auction.
According to papers filed with the Mercantile Register, the group listed €4,000 in capital from China but stated that members of the consortium include both Chinese and European investors. It also explained that “various Chinese companies” are interested in using the airport as “a gateway to Europe” for their importing businesses.
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