Enrique Pérez Flores, founder of La Zagaleta, dies aged 97

The former banker acquired the land from Saudi magnate Adnan Khashoggi in 1991 and opted to maintain the green areas and create one of the most exclusive developments in Europe

Héctor Barbotta

Friday, 9 October 2020, 15:21

Businessman Enrique Pérez Flores, known for founding La Zagaleta, died on Sunday, aged 97.

In 1991 Pérez Flores, who had just retired after a career in banking in Switzerland, acquired the land from Saudi magnate Adnan Khashoggi, who had populated the area with Central European wildlife.

Despite being in the boom years of the Gil era with the chance of building 3,000 homes, Pérez Flores opted to maintain the green areas and create one of the most exclusive developments in Europe.

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