Sold: Can Puig Palace in Palma de Mallorca


This topic contains 0 replies, has 1 voice, and was last updated by  Mark Stücklin 3 years, 5 months ago.

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    Mark Stücklin

    Soliva (Banco Sabadell) have sold Can Puig palace in Mallorca for €5.15m, according to Spanish press reports. The buyer was a foreign investor group. With 2,506 sqm residential space, that works out at around 2,055 €/sqm. Not a bad deal. I forecast they will redevelop and put on the market for between 5,000 and 8,000 €/sqm in six months to a year’s time, maybe less.

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