La Almoraima Estate In Cadiz Saved For The Nation

La Almoraima Estate In Cadiz Saved For The Nation

LAST UPDATED: 5 October, 2015 @ 10:09 pm
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Hundreds of people campaigned to save the beautiful Almoraima estate from privatisation on Sunday, with Hollywood star Salma Hayek currently considering the purchase

ONE of Andalucia’s biggest and most important country estates, which attracted Hollywood beauty Salma Hayek, is off the market.

Hundreds of people campaigned to save the beautiful Almoraima estate from privatisation on Sunday, with Hollywood star Salma Hayek currently considering the purchase
Hundreds of people campaigned to save the beautiful Almoraima estate from privatisation

Last year, the OP exclusively revealed that Mexican actress Hayek and her billionaire husband Francois-Henri Pinault had flown in to visit the 14,000 hectare property, in Castellar de la Frontera.

The couple came close to buying the land after Hayek was left outraged at the prospect of it being transformed into an ‘elite estate’ by a private buyer.

The property is one of the last undeveloped cork wildernesses in Europe and home to thousands of rare birds and wildlife.

However, under a proposal, sanctioned by the authorities, it was set to become a commercial hunting estate, with a mini airport, polo field and possible golf course.

Typically, however, Spanish red tape and paperwork complications halted the purchase after the couple flew in by helicopter to view the property.

Now the plan has been put on the backburner, with the estate confirming that it had had a profitable 12 months.

“The past year has been much better for us,” a spokesman said.

“In the past 12 months we have had a profit of €319,000 which means we no longer need to sell the estate.”

He added: “At no point did we actually want to sell the estate, it was merely out of necessity and desperation.”

In 2014, the park’s debt reached €1.5 million, giving directors ‘little choice’ but to try and cash in as pressure mounted from regional government.