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Hi All,

For what it's worth I have just spent 2 weeks in the area and visited the offices at  El Trampolin, Trampolin Hills. In addition I called in to the Town Hall at Campos del Rio.

The Town Hall Secretary confirmed that all the ammendments required by them (for Trampolin Hills) have been made and the next stage is in progress but could not confirm when the next meeting with GP will take place.

As for Royal Dream, I am feeling a lot more optimistic than I was. As things stand, I (and probably you) signed a contract for 3 years before I could move to recover my deposits should the development not be finished, so my visit was for the purpose of finding out as much information as possible. I was basically told that all the permissions were in place and that there is no problem with Royal Dream. There is to be a meeting with the authorities in Albudeite in late September and if all goes well then building should start soon after. The news I was given about Trampolin Hills was not as positive, but that was down to technical and various other reasons etc!

Within Grupo Trampolin there are 2 separate companies: Trampolin Hills and ours, El Solera. (I wasn't aware of this)

I asked why it has taken so long. It was explained to me that the land has to be classified for Urbanisation before residential building can take place. (Watch Spain: Paradise Lost to see what can happen without all the correct legalities) Lots of builders and local coucillors gave permission to build without consent from the Regional Governments and they are now being locked away in large numbers.

I was assured that our deposits are in the Bank and the company carries on trading from the income it receives from its'other business interests. In my opinion if the company have done anything illegal then it is up to someone to take them to Court and if guilty or innocent then justice will take its course.

If building does start then I was told that all the plant equipment will be brought in and the development will be built in one go, starting with the roads, pavements utility services etc before the foundations are laid for the villas. This should take approximately 6 months. 2 months before the foundations go down is when you will be contacted to position your villa within its plot and to choose all your fittings and extras etc. It should then take a year to finish the rest of the development.

Of course everyone with money (including me) invested in this project did so for whatever reason and I hope that we all end up with something to show for it. If people such as Andrew Wilford etc have a case then I hope they receive the justice they seek. As for myself I am waiting and hoping and if nothing occurs by the end of my 3 years (in 18 months time) I will assess the situation then and decide on my next course of action.

If anyone wants to message me I can provide more info. I asked as many questions as I could think of and I honestly do believe this development will go ahead. I just hope the value of sterling keeps heading in the right direction!!

Hi Wayne,

Posting as much and to as many as I can. Lost all contacts. Do you have any news?

Seen articles in papers and worried sick.

Mel

Hi Mel

if anyone has info on this development please can you let us all know who are involved with royal dream.  I am sure we are all int the position of stress and worry about the future of this development.

My gut feeling is it will go the same way as trampolin hills, I just wish i never invested and pray I can recoupe my monies back.  I would certainly NEVER invest in property in Spain again :(

thanks

Hi Juliet (and any others who may read this)

Seen my lawyer today in Spain.

He has been through everything and all papers seem in order!! But !11 He has obtained the name and telephone number of Grupo Trampolin's lawyer and is contacting him today.

He will be phoning me later with any news. He speaks perfect (?) Enlish so I have no problems with him. Used him before for other things.

Will keep anyone who wants to know progree in the loop. Please contact me with your names and emails if possible. Live not far from Royal Dream site so it is easy to get there.

Will be happy to make contact with anyone interested.

Mel

ps my email is melcremer@yahoo.co.uk

Thanks Mel,

I have forwarded you an email with my address on, very much appreciated for you information and assistance.

Chrissie

i

Hi All,

I have spoken with a law firm based in Murcia City today who are representing a number of Trampolin Hills clients. I wanted to make sure that I registered as a creditor before the 3 December deadline. I have been told that Solera are not in administration and they are separate companies (which I already knew) therefore could not register as a creditor.  It appears, even if Solera go into insolvency things look better for us on Royal Dream. Trampolin Hills have been using money from client deposits to fund their business dealings but it seems Solera have not done this and there has been no transfer of funds from Solera to Trampolin Hills.

The reason Trampolin Hills is where it is, is because they were taken to court by clients whose contracts had expired and were not paid their money back, as per their contracts.

Because of this situation things are officially going ahead with Royal Dream until we hear otherwise (unless somebody knows different). So come on people. Get this forum busy. The more info the better, even if it's just rumour control.

Has anybody been told by a law firm that they are eligible to be a creditor for Trampolin Hills? Be careful if they promise this, especially if they want money up front. Particularly interested if anyone has been direct to the Commercial Court #2 in Murcia and registered. What were you  told???

Finally, the representative from the law firm I spoke to was going to check with his director for the very latest info on Royal Dream, as they are obviously very bust with Trampolin Hills. If I hear anything different from what I have posted I will let you all know as soon as possible.

Fingers crossed!!!!

Wayne

Hi everyone,

Just seen Wayne's note and it is great that the can tell us this. I am waiting for my lawyer to contact me later, but if he does not ring me I will ring him and add to this forum anythinbg I find out.

Mel

Hi Wayne,

thanks for finding out that information and sharing it with us.  Its very good news, so fingers crossed things will progress, albeit, very late, and we will eventually have our dream homes in the sun :) 

PS:  I'm trying not to hold my breath lol

Chrissie

Hi Chrissie,

I think you misunderstood me a little. As things stand Royal Dream is not yet in administration, but I think it will only be a matter of time. I was just given the impression that not as much of our money has been spent as our project was a heck of a lot smaller than Trampolin Hills. They had to fund the golf course, hotels, restaurants etc. All that needed commercial investment, which because of all the delays and the recession was never going to happen, yet they spent money promoting it all and in the end could not or would not honour their contracts with their clients.

Personally there is nothing I can do as I have about 14 months before my contract expires. I have seen law firms advertising a fee of 7% of the investment for Trampolin Hills clients to represent them. It seems alot of money but I do not know if this is on a no win no fee basis. What happens if there is nothing or very little left??

I am still waiting to hear the latest information from the law firm I spoke with yesterday.

Regards,

Wayne

Hi Wayne,

thanks for claryifying that one, been on nites so eyes not fully opened when i read it :)

Yes we are in same position, our contract expires end december 2010, plus the 90 days so that takes us to March 2011.  What so annoys me is the agents we used i'm sure were in cahoots with GT, I dont know if we can sue them too for showing us properties with no liciences?  YOu any ideas on this one?

Yes, 7% is rather steep, and like you said a no win situation, cos they got no money to pay us back our deposits.  We paid them 41k euros, which like everyone else is their life savings. 

Let us know how things progress with you firm of lawyers and what they expect and how they perceive to get us our monies back and the success they think we may or may not get.

Thanks again for all your assistance and correspondence to us all.

Chrissie :))