British investment firm gives its backing to 70 million euro Mallorca property deal

Now the project is to be launched through the Spain-based fund Ibero Capital which has the backing of London-based Blanktyre Capital. The two are in the process of buying a number of Spanish property assets. They believe that the residential housing market in Spain is an excellent investment.

The purchase will be welcomed by residents of Cala Romantica who have long complained that the unfinished estate has become an eyesore.