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Sareb Sells Land in Palma de Mallorca to the Ministry of Justice for €4.7 Million

The Executive intends to build a 'City of Justice' for the Balearic capital on the land, which has a buildable area of almost 43,000 square metres.

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The Company for the Management of the Assets Proceeding from the Bank Restructuring (Sareb) wanted to end the year with a sale. The entity, which has been in the hands of the Government since March, and the Ministry of Justice have reached an agreement for the sale by Sareb of a plot of land in Son Pardo (Palma de Mallorca) for 4.7 million euros .

The ministerial department plans to build a ‘City of Justice’ for the Balearic capital on this site, which it will formally acquire during the first quarter of 2023.

Read the full article in Spanish.


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