Showing posts with label Spain's most expensive residence stays in British hands. Show all posts
Showing posts with label Spain's most expensive residence stays in British hands. Show all posts

Tuesday, 12 July 2011

Spain’s most expensive residence, and one of the most exclusive in the world has just changed hands, but remains British owned.

Sa Fortalessa de Pollença consists of an 87,000 square metre estate with a castle, seven residencies, private beaches and a forest. It’s found in the Pollença bay on Mallorca, and is protected by Cape Formentor and a military base, offering complete security which has been enjoyed over the years by many heads of state and top dignitaries. It was a Mecca for artists and intellectuals from across Europe in the 20’s.

British owner John Ogden has sold the estate to a Spanish company whose main shareholder is another Briton who remains nameless, as does the quantity of money involved, but the deal has been confirmed by lawyers in Palma.

One report says the sale went for 125 million €, a far cry from the 45,000 pesetas paid in 1919 by the Argentinean painter, Roberto Ramaugé.



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