I have tried to contact you at the number below, but with no success.

First of all, I would like to tell you that I am glad you were able to recover almost your full deposit paid for the property at La Tercia.

Many other clients have not had the same luck, unfortunately.

I am aware that opinions and rumours about Peinsa are of many different natures, and considering everything ocurred, I can understand. But our current situation is that of trying to obtain finance in order to refund all amounts paid by clients for La Tercia Real properties, as well as for other developments we will be unable to complete. It is now a year since the development was stopped, and for all this year we have just been working and negotiating with the banks to come out of this tunnel. It is not easy, and it is a very slow proccess that, believe or not, also frustrates the little staff left at Peinsa to deal with this unpleasant reality.

Of course we would be willing to sort the whole situation without the need of legal intervention. The problem is that the company has no means to do so, and even after the legal process has successfully concluded for the client, still there are no chances to recover your moneis. Placing an embargo is an option you can look at but, out of our current experience, I can tell you that there will be no guarantees of recovering your money that way either. Yes, you will probably have a right over other parties who have not placed the embargo, but that's all. Your embargo might be translated into cash in no certain period of time at all, if it ever is. And maybe Peinsa will not exist by then.

You do the right thing safeguarding your interests in the ways you consider, but you have been very lucky already Mr. Bold.

Many properties at La Tercia were already up, as well as roads, pavements, drainage systems, even hundreds of palm trees planted...

At least you have executed your bank guarantee, we will never be able to execute building works in an extremely huge investment of our company, made not only with your deposits, but with many other sources that will never be recovered.

You will probably think that this is not your problem, and it's true, it is just a reality.

Kind regards,

Yolanda