Terra Mitica sold to Aqualandia

The Valencia Regional Government company SPTCV has sold its 22.31 per cent stake in Terra Mitica theme park to Aqualandia for €65 million, official sources said.

Of this amount 15 has been invested in the park, located in Benidorm. Aqualandia started leasing the park in Summer 2010, with an option to buy, which it has now taken.

But Terra Mitica sees out this year, still unsure as to what lies ahead. The crisis has deepened across the country, and theme park visits are one of the first cutbacks people make.

This year, as reported by EWN, 120 workers were made redundant at the park this year, and now 120 have filed actions against the owners for unfair dismissal.

The ex director general of the park, Juan Jose Torres, has claimed 400,000 euros for his own dismissal.

The magic breakeven figure of three million visitors per year seems a long forgotten dream.

Last year the figure was a mere 520,000 ; 20% less than in the previous year. This year’s figures have yet to be finalised and published.