The Government of the Balearic Islands has bought an office building located at number 16 Ter Street in Palma de Mallorca from Caixabank for 20.7 million euros. In this building, which has been partially rented by the autonomous government since March 2017, 425 public employees of the Ministry of Education and Universities work.
The building, located in the Polígono de Son Fuster, consists of two towers of equal size, each with five floors for offices, joined on the ground floor, as well as three underground floors for parking, storage and miscellaneous outbuildings. The total surface area is 32,134 square metres.
The purchase of the building will allow a saving of just over 1.5 million euros in rental costs and the relocation of 430 public employees currently dispersed in different rented buildings, without taking into account the staff of the Regional Ministry of Education, who already occupy practically the entirety of one of the towers.
