Bankruptcy forces property auction

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PROMOTER Casazul 2000 SL is auctioning off 50 real estate assets after being declared bankrupt. There will be no physical venue for the auction because it will take place in an online platform for a period of one month.

The properties up for auction are spread over Elche, Orihuela, Pilar de la Horadada, Cartagena, Beniel and Fortuna. They consist mainly of homes, business premises, land, garages and storage facilities. The proceeds from the auction will be used to pay off the insolvent company’s 28 creditors, including the regional government.

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