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INPRIMATU
A private Japanese investment fund buys the convent of Santa Teresa de Donostia-San Sebastián
  • A private Japanese investment fund, based in London, has finally purchased the Santa Teresa Convent in the Old Part, as published in the Basque Journal. The investment fund, called Country Hall Arts (CHA), is intended to accommodate young people in art, literature, architecture and other disciplines, according to the information contained on its website, “for a public benefit”.
Iñaut Gonzalez de Matauko Rada @inautogdm Irutxuloko Hitza @irutxulo 2021eko azaroaren 12a
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It is not yet clear what the CHA-CHA will do there, but apparently they intend to make a residence for students, although they have not materialized anything. In fact, the new convent owners have already consulted the City Hall of Donostia-San Sebastián to grant them a student residence. The Convent has a “special protection”, with the highest level of protection of the six categories of the Old Party, and with Category A, as it is one of the buildings of the Monumental Complex of the Old Party and the Pier. Therefore, the owners and owners of the past had an obligation to offer the property to the City Hall of Donostia-San Sebastian and the Provincial Council of Gipuzkoa before selling it to anyone, but both institutions had no interest in buying it. For this reason, the Japanese investment fund has acquired the building for an amount of EUR 3.5 million.

Criticism of the opposition

In the face of this purchase, EH Bildu has stated that in the face of hotel projects it is time to "say a point and separate to the municipal government". The Abertzale coalition added that this news has caused "surprise and indignation" among the neighbours and neighbours of the Old Donostian Party. Eh Bildu says that in the neighborhood there are other needs and that the hospitality projects are "the last things" that the neighborhood needs. Finally, EH Bildu has asked the municipal government to “stop authorizing projects of doubtful legality and illegality”.

For her part, Elkarrekin Donostia’s councilor, Haizea Garay, pointed out that “San Sebastian is for sale” in the networks: "We're losing our heritage to others doing business. The existence of hotels or restaurants will not be allowed, but an alternative name that includes accommodation and hospitality. One more step in “San Sebastian, holiday city”.