The paper “La Prensa,” one of the oldest in the Western hemisphere, was occupied by Nicaraguan police forces last year and several of its executives detained. Since then, a team of reporters in exile have kept the site online from abroad.

“For several days, (the regime) has been carrying out construction and moving some of (La Prensa’s) machinery and equipment,” the paper said on its website.

“With these actions, the Ortega-Murillo regime completes the de facto confiscation of the assets of the industrial plant of Editorial La Prensa,” it said.

Nicaraguan vice-president Rosario Murillo announced that the space would be used to create a cultural and polytechnic centre named after one of the country’s most important poets, Jose Coronel Urtecho.

The centre will offer hundreds of courses and workshops, Murillo said through a state-run media outlet.

The manager of La Prensa, Juan Lorenzo Hollman, was accused of money laundering last year in a trial considered politically motivated by human rights organisations.

The Ortega administration has also confiscated the spaces of digital newspaper “Confidencial” and the television channel “100% Noticias.”

La Prensa’s journalists went into exile and report for the online edition from Costa Rica, the US and Mexico.

According to the organisation Independent Journalists and Communicators of Nicaragua (PCIN), 120 journalists have gone into exile since the political crisis began in the Central American country in 2018.

In Nicaragua, no newspaper is currently in print, and the few media outlets that still operate online do so clandestinely, PCIN has said.