Emblematic Palma building acquired
News has just leaked out that the Cappuccino grand cafe/restaurant/hotel group based in Palma has recently acquired one of the city's emblematic and historic buildings. The group bought the 150 year old La Protectora building on the street of the same name, just behind El Corte Ingles, in November last year from the so called 'Bad Bank.'
Obviously the matter is extremely private so nobody knows how much the group paid, but sources say that the building was officially valued at €6 million back in 2013. The other tantalising unknown is what the group will do with the building, a Cappuccino spokesperson told the local paper that at the moment everything is in the negotiation stage – just mere projects.
The building dates back to 1869 when it was built as offices for La Protectora employee accident insurance company though its architectural importance – it's the equivalent of a listed building – dates back to 1928 when its facade was remodelled in Modernist style by the renowned architect Gaspar Bennazar.
Well, whatever their plans, it's certain that the group will sprinkle some of their magic cinnamon flavoured Cappuccino dust all over the renovation of the building and transform it back to its former glory. They already have a great track record of sympathetically restoring or treating many of the buildings they use today in Palma, the rest of Mallorca and the big cities in Spain and beyond.
I'm biased, as I love the whole Cappuccino concept of style, quality and service at a little extra cost which is rigidly yet lovingly applied to every single one of its branches, and I can't wait to see what they do with La Protectora. What about you?
Our photos show the Grand Cafe in San Miguel, Palma and La Protectora courtesy of Google maps.