Pueblo Español sold for six million euros

The Pueblo Español and the conference hall is to be put on the market for an estimated six million euros. The announcement that the property, which has been previously linked with US entertainment park developers, is to be sold was made yesterday after Balearic bank Sa Nostra reached a deal with the consortium made of the Nigorra and Miziker groups and various Catalan investors. Sa Nostra has laid down a number of conditions which had to be met if the property was to be sold, such as shop space to be leased to local traders and artists at low rates and that money will be invested in improving the infrastructure of the property. The consortium includes companies which have a great deal of experience in the management of socio-cultural centres, which is what the Pueblo Español is, and Sa Nostra are apparently confident that the site will continue to be used as one of Palma's main cultural centres.