Santander Looks to Sell the Luxurious El Santo Estate in Madrid

16 October 2019 – The Santander Group is preparing to sell the well-known, 1,000-hectare El Santo estate, for potentially more than 50 million euros. The asset is in Aldea del Fresno, Madrid, and was owned until recently by the president of Sacyr, Manuel Manrique. Through its subsidiary, Altamira Real Estate, the banking group commissioned topographic studies of the property in preparation for the likely sale.

Mr Manrique originally acquired the estate in 2007 for approximately 52 million euros. The property extends through the municipalities of Aldea del Fresno, Navas del Rey and Chapinería. The estate is known for its hunting grounds and arable land, particularly for the cultivation of olive trees and cereals.

Original Story: Vozpópuli – Alberto Sierra

Adaptation/Translation: Richard D. K. Turner

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