|
The Ciudad de la Luz complex attracted only one bid at an
auction, which failed to meet the minimum conditions for a sale,
chief press spokesman for the Valencia regional government,
Joaquim Clemente, said on his Twitter feed.
Those included a base price of just over 94 million euros,
according to several Spanish media reports.
Clemente said a second attempt will be made to auction the
studio, located outside Alicante, one of the main seaside
resorts on the Costa Blanca.
Ciudad de la Luz opened in 2005 and shot 33 films up to 2009,
according to European Union data, backed by 265 million euros
($294 million) of funding from Valencia's regional government
that prompted antitrust complaints to Brussels from competitors.
The European Commission upheld the complaints in 2012 and
ordered Ciudad de la Luz to repay the aid, leading to its assets
being auctioned off.
These are described on the studio's website as "the most modern
... in Europe (with) ... all the facilities and installations
necessary for the various stages of the development of
cinematographic and audiovisual productions."
In another cut-price auction on July 17 for now unviable
infrastructure built during Spain's boom years, a group of
international investors won Ciudad Real airport with a 10,000
euro offer, sources said, the only bidder for a complex that
cost more than 1 billion euros.
(Reporting by John Stonestreet; Editing by Catherine Evans)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
