This beautiful tree, known as Olivera de Cort, was taken to Palma from a country estate from Pollença, in the Serra de Tramuntana mountains, to be planted in the Plaça de Cort as a symbol of peace and unmovable roots in the land. The Olivera de Cort is located in the middle of the square of the same name in Palma, just in front of the city Hall of the Mallorcan Capital.
The tree is about 600 years old and has become a symbol for Palma. Countless tourists have been photographed in front of it. In 2003 it was recorded in a list of unique trees in the Balearic Islands.