El Toyo promotors go bust

Matinesa-Fadesa, the huge construction and real estate group that was one of the main movers behind El Toyo (they built the Olympic Village, one of the main hotels and a bunch of houses) has just gone into administration after failing to renogatiate a debt of 5100 million euros. Another nail in the coffin! What was going to be El Toyo II, between El Toyo I and Retamar, has now been mooted to be council houses Continue reading El Toyo promotors go bust