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Our company history |
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General Inmobiliaria Mallorca, S.A. (G.I.M.S.A.) was a developer who foresaw the demand of the new adventurous tourist of the 1970's. From its strategically located offices between two natural sandy beaches it led the construction of purpose built holiday accommodation. As central government approved construction projects coastal pine trees gave way to the emergence to holiday resorts such as Palmanova and Magaluf. They became the holiday destination for the affluent European holidaymaker who could afford to fly. The Tourist boom brought a new wealth to the island. When Sr Juan Bestard became Managing Director of G.I.M.S.A. in 1980, the island of Majorca had seduced the European tourist for decades. The purpose built accommodation, predominantly blocks of 1 and 2 bedroom apartments, was quickly sold to the returning holidaymaker and they became a second home from home. The little beach side resorts in the municipality of Calvia became a Mecca for the sun worshipper. The continued cheaper lifestyle (generally 70% cheaper) oiled the market for the package tour. As more restrictions were imposed on coastal construction so less plots of land became available. GIMSA's role as developer diminished and the company closed in 1989. Inmobiliaria J Bestard was founded in 1990 as a Community Administrators and a Real Estate Agency. The small office was open to the public from 9:00am to 1:30pm and from 4:00pm until 7:00pm, Fridays being the exception, when it would often close at 2.00pm with a note left on the door "Gone Fishing". Property was relatively cheap with one bedroom apartments selling for around 2,000,000 pesetas (approximately 12,000€ or £8,000). Details of property for sale could often be found on hand written notes stuck to the office window.
Despite the inherent informal holiday attitude that permeated in the office the business went from strength to strength, as the office regularly provided the linguistic link to deal with third party suppliers for the property owner overseas. The informal yet conscientious, attentive and totally trustworthy service meant the business grew through the recommendations of satisfied clients and quadrupled in size over the next ten years. Today it continues as an independent family run business, that prides itself in offering a standard of service that is professional, personal and trustworthy. |
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With the help of an accountant, Sr Juan Bestard and family continued to Administer blocks once constructed by G.I.M.S.A.. The company administered at this time around 14 communities where the majority of its property owners were from overseas. Community correspondence being sent abroad would often take up to two weeks to reach European destinations.