Polaris World sell Alhama land

Expatica - Health
Post reply   Start new thread
New - Old :: Old - New

Pages: 1 | 2 | Next |

Condado de Alhama forum threads
The Comments
30 Sep 2013 8:01 PM by newworld Star rating. 942 forum posts Send private message

30 Sep 2013 8:29 PM by Cappielow Star rating in Sunny Greenock, Brus.... 471 forum posts Send private message

Cappielow´s avatar

I thought that land was transferred over to the banks years ago? 



_______________________

CondadoFamilyGolf.com



Like 0

Spam post or Abuse? Please let us know

01 Oct 2013 8:43 AM by ptan Star rating in Los Naranjos Jardine.... 1696 forum posts Send private message

ptan´s avatar

Polaris didn't sell off everything, they still retain ownership of a number of parcels both on Condado 1 & Condado 2.



_______________________

 

Phil

Email: phil@naranjosuno.com

Web: www.naranjosuno.com

 

 

 



Like 1

Spam post or Abuse? Please let us know

02 Oct 2013 9:05 PM by underpar Star rating. 139 forum posts Send private message

The news reported here too:

http://www.murciatoday.com/polaris-world-sells-800-hectares-next-to-condado-de-alhama_18861-a.html

Be interesting to find out which bit of land was sold. Maybe it's the fields the other side of the motorway that runs next to the resort as they would be least likely to be developed in the near future? Although the link below says it's the land opposite La Isla where the 2 other golf courses were to go (but I thought IRM owned this land now).


This message was last edited by underpar on 03/10/2013.


Like 0

Spam post or Abuse? Please let us know

03 Oct 2013 6:57 AM by markbentley Star rating in Halifax, West Yorksh.... 329 forum posts Send private message

This doesn't make any sense to me. Surely they would have been better selling the land opposite blocks 4 on La Isla to Paramount?

_______________________
  Mark Bentley


Like 0

Spam post or Abuse? Please let us know

03 Oct 2013 9:08 AM by underpar Star rating. 139 forum posts Send private message

Well the MGP link posted below says it is that land where golf courses 2 and 3 were meant to go but I don't know where MGP get this info from and it's not specified in the article that MGP refer to - http://murciaeconomia.com/not/18664/_el_ciruelo_compra_800_hectareas_a_polaris_por_20_m_euro__para_ampliar_su_produccion_de_fruta/

But if Samper's company Premursa does build the Paramount licensed theme park then the land between the RM2 and La Isla will be a lot more valuable than if sold it now to Premursa (who have already bought land for the theme park anyway).

Plus I thought IRM owned that part of the land at Condado after Polaris' administration? It was IRM wasn't it that offered to sell that land to Premursa (but at too high a price for Samper's liking)?


This message was last edited by underpar on 03/10/2013.


Like 0

Spam post or Abuse? Please let us know

03 Oct 2013 8:35 PM by markbentley Star rating in Halifax, West Yorksh.... 329 forum posts Send private message

Is it me of are there no positives from this sale?

_______________________
  Mark Bentley


Like 0

Spam post or Abuse? Please let us know

03 Oct 2013 9:50 PM by markbentley Star rating in Halifax, West Yorksh.... 329 forum posts Send private message

This sale has out a doubt in my mind regarding the future of Paramount. Why would Polaris sell this land so cheaply? I get the impression that no one really knows the truth of who owns what but everyone has an opinion. I would love for Paramount to happen and more facilities in the area but hearing news like this feels like a backward step.

_______________________
  Mark Bentley


Like 0

Spam post or Abuse? Please let us know

04 Oct 2013 11:12 AM by Nsmith Star rating. 44 forum posts Send private message

Hi mark.....tash & steve here,

 

When we had eaten at the bozzer the other month, the waiter (who has lived ther for 17 years) mentioned that polaris wonted way too much money to the site oppostie our island, so paroumount went looking ells where for there site!!

hope your all well....we also called up premusa and they said recriutment has not starded yet!! we are still hopfull. x


embed


Like 0

Spam post or Abuse? Please let us know

05 Oct 2013 2:56 PM by markbentley Star rating in Halifax, West Yorksh.... 329 forum posts Send private message

Hi Tash and Steve

Do you mean the land opposite block 3 and 4 is still for sake and owned by Polaris? I wonder which land has been sold for 20m?

_______________________
  Mark Bentley


Like 0

Spam post or Abuse? Please let us know

05 Oct 2013 5:11 PM by Youngers Star rating. 89 forum posts Send private message

I would expect the sale has a buy-back clause at a small uplift in value.  Therefore if Paramount happens Polaris excercise option to buy back (or sell option to 3rd party) and still benefit from upside potential




Like 0

Spam post or Abuse? Please let us know

05 Oct 2013 8:09 PM by elarado Star rating in Las Cañadas - a nice.... 63 forum posts Send private message

markbentley - what on earth are you talking about???????????

You obviously have no idea of the history of this area!

Why would the sale of Polaris land have any influence on the future of Paramount, two totally different entities? The land Paramount originally wanted had already been handed over to the bank in lieu of the debit.

Youngers -   Paramount have not bought Polaris land – do not understand your comment at all!!!

 




Like 2

Spam post or Abuse? Please let us know

05 Oct 2013 8:16 PM by Youngers Star rating. 89 forum posts Send private message

Polaris will know IF paramount park is built the land they are now selling to a 3rd party will be more valuable than its agricultural value. Therefore there will be clauses to ensure Polaris share in any value upside that occurs. Either a buy back or sell on profit sharing agreement.




Like 0

Spam post or Abuse? Please let us know

05 Oct 2013 8:23 PM by markbentley Star rating in Halifax, West Yorksh.... 329 forum posts Send private message

If Polaris have sold this land for 20m then in my opinion Paramount will never happen. Otherwise surely Paramount would have been better buying this land then where they have bought due to the infrastructure already in place.



_______________________
  Mark Bentley


Like 0

Spam post or Abuse? Please let us know

05 Oct 2013 8:27 PM by markbentley Star rating in Halifax, West Yorksh.... 329 forum posts Send private message

Who really knows what is going on? I don't and I don't really see how you do elarado apart from having an opinion just like everyone else!!

_______________________
  Mark Bentley


Like 0

Spam post or Abuse? Please let us know

05 Oct 2013 9:09 PM by elarado Star rating in Las Cañadas - a nice.... 63 forum posts Send private message

Why would Paramount pay 20M for land when they have all they need for 11.5M? Samper has already committed many many €, 000’s to this project, to throw that away would be suicide.

He has bought 133Ha, why would he buy an extra 667Ha? Alhama have one disaster on their hands, planning permissions for a second would be very difficult.

 

The way the agricultural consortiums work here, I am fairly certain it will be a “no strings” deal.

 

And……Polaris paid a lot less than 20M for it………..




Like 0

Spam post or Abuse? Please let us know

05 Oct 2013 9:19 PM by markbentley Star rating in Halifax, West Yorksh.... 329 forum posts Send private message

What's your prediction for the Alhama / Mazarron area over the next 5 years elarado?

_______________________
  Mark Bentley


Like 0

Spam post or Abuse? Please let us know

07 Oct 2013 6:25 PM by elarado Star rating in Las Cañadas - a nice.... 63 forum posts Send private message

If the municipalities of Alhama, Mazarron and Murcia work together then there is no reason why a steady growth can not be possible; the Spanish know where rapid growth has got them!

Mazarron have transformed the Port, it now has the basis to become a thriving sophisticated holiday destination. However, the tourist season needs to be bolstered up with an alternative attraction! There are too many businesses, with, at this time of year, too few clients – some businesses will disappear this winter!

Alhama can contribute by supporting the Paramount project – it will generate employment, cash flow for local companies and rental potential for the surplus of holiday apartments.

Murcia can contribute by getting Corvera “off the ground” as it were – an international airport is very important for the ongoing development.

The days of large urbanisations like Condado and Camposol are over; they are lumbering fat ugly walruses, uncontrolled, disorganised and a drain on local resources, medical, police etc (what percentage of people do not pay IBI….!!!)

Small exclusive developments (max 500 units) need to be built – get some real money in the area – people who want the best will not even look at the likes of Condado or Camposol – “council estates”!

On the whole the ingredients are “in the pot”, just needs patience and support to see it through; the younger Spanish (35 and below) are embarrassed and frustrated by the old corrupt ways – they want change – they want to join the 21st century – make some honest money and enjoy life.

Basically, if in the next 5 yrs this type of project does not come to fruition then it will be, not only the downfall of Murcia but the whole of Spain.

Believe and it will happen!

 


This message was last edited by elarado on 07/10/2013.


Like 3

Spam post or Abuse? Please let us know

07 Oct 2013 6:53 PM by ROBBO17 Star rating. 42 forum posts Send private message

Eldardo

Since you think you know it all what is the going rate for agricultural land in Murcia region not 20 million for the piece of land just purchased how many oranges do you need to sell to get your money back considering last year they didn't even harvest the second crop due to low prices ?


Like 0

Spam post or Abuse? Please let us know

07 Oct 2013 7:16 PM by elarado Star rating in Las Cañadas - a nice.... 63 forum posts Send private message

Since you think you know it all” – far from it, I hope I will continue learning and absorbing information until the day I die.

40 cents/m2 for that amount of land is a fair price, for smaller plots the price varies – anything from €1 to €6 – depends on the area, accessibility and most importantly water.

And why were the prices so low………………..because the Moroccans served their apprenticeship here, went back to Morocco, set up similar environments, then………..sell the produce here at half the price!!!!!!!!!!!!!

Bit of government support needed I think!




Like 4

Spam post or Abuse? Please let us know

Pages: 1 | 2 | Next |
Post reply   Start new thread


Previous Threads

Postcode for Sat Nav - 4 posts
2 single Ikea bed frames for sale. Collection this week. La Isla, Condado. - 0 posts
Selling 50% Share of 2 Bed in Naranjos 8 - 0 posts
WISI OR52 remote control unit - 5 posts
Bus - 2 posts
Art Shop in Murcia - 9 posts
CPR Fundraising day - Oct 27th - 0 posts
CDA at Christmas/new year? - 0 posts
Marks and Spencer bedside/side table - 0 posts
Solar panels - 12 posts
Internet Wi-Fi Router For Sale - 1 posts
Al Kasar Public Toilets - 5 posts
iPad Update iOS 7 - 6 posts
penthouse or ground floor apt near golf course required - 0 posts
Three bedroom La Isla apartment wanted for yearly longterm rent - 1 posts
Energy Performance Certifcate - 3 posts
Boiler problems - 3 posts
Offensive smell from empty apartment next door. - 3 posts
Thank you - 0 posts
Auction for Quad biking in and around the Sierra Espuna - CPR Fundraiser - 1 posts
Tour de Condado - CPR Fundraiser - 0 posts
Recommendation for legal/conveyancing - 8 posts
Masonry BBQ/ Outside Kitchen in Camposol - 0 posts
email address - 1 posts
lakes and bunkers - 0 posts

30 posts were found:


1 | 2 |
Our Weekly Email Digest
Name:
Email:


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x