Asking price to go up for film studios

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CUIDAD DE LA LUZ: Valencian Government wants price to rise to €40-50 million.

THE Valencian Government has asked the European Commission to raise the asking price of the Ciudad de la Luz film studios in Alicante from €19 million to €40-50 million.

An auction is due to take place in the coming months for the complex and in a draft statement about the auction, Valencian President, Ximo Puig, said he “wants to increase the figure to recover investment.”

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As well as the cost, the government said essentially they want to ensure a future for the Ciudad de la Luz.

He stressed when he took office it was to be sold for €19 million but wants to increase the price as it originally cost almost €400 million, of which around €200 million is to be paid back in loans.





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