Grupo Santana Cazorla, which was the brick colossus in the Canary Islands, maintains its prominence as one of the largest bankruptcies on the islands. This past July, the Santana Cazorla bankruptcy administration launched what could be the last in the liquidation process. The deadline is open to submit cash offers for assets to be auctioned such as the Hacienda de San Rafael from 5,5 million euros, although its valuation is 12 million, but also the creditors of the company or companies of the holding company that have bid. with your debt. Of course, as long as it has been recognized in the judicial process.
Although Santana Cazorla took a backseat in this new real estate cycle, its assets are still attractive. But in this notarial bid there are not only homes, perhaps the most attractive thing is the land. Especially since the two future areas have predominantly residential use and one of them even has the basis to be a finalist land. The future of the San Rafael farm in La Higuera Canaria near Telde, even as the years go by, remains uncertain. 18 years have passed since the Telde City Council acquired the property. The City Council bought the farm from businessman Santana Cazorla in exchange for municipal land in the Marpequeña area. Cazorla previously acquired the property from the Benjumea family for 2 and a half million euros, the value of the exchange being more than double, that is, more than 6 million euros. The operation has been declared illegal and the current ruling forces both parties to cancel the entire deal, with both the Telde City Council and Cazorla having to return the exchanged properties in the state in which they were acquired.
San Rafael Hacienda 
