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Anyone worried regarding their investments and all the rumours / speculation generated through these forums, whether there is a shred or truth or not, please put a call into Pilar and ask the questions directly. We continue to do so and 99% it's speculation or hearsay. Sorry to preach but we all have a considerable amount of money tied up in property with San Jose and I for one only believe what I am told directly by the company and not word of mouth...............even from my own advice which i frequently offer. I'd always advise if you hear a piece of info, check with San Jose for its authenticity.
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Dear clients,
We would like to make an official notification to inform that the recent post saying that our company San Jose Inversiones is in Liquidation is TOTALLY FALSE.
We continue to work on our Residential and our offices remain open for anyone to visit and discuss matters directly with our different Departments.
San Jose Inversiones - Herrada del Tollo
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Going by what the papers say, the answer to this question is YES. San José are seeking bankruptcy protection.
Please read this news report and then contact the company San José to hear their response!
I can not post a link on this forum, but if you search in google for san jose inversiones suspensión de pagos look at the INFORMACION site or others.
However, in my opinion, the future of the Jumilla Santa Anna Golf resort is flawed due the lack of water. The Segura water authority CHS has been on a emergency state for the last years, and water transfers from the Tajo river are getting less reliable. Such a project, boasting 2 golf courses is unsustainable. It is hugely irresponsible for this project to get to this stage, in an area that is in such a precarious position with its water. It is too far inland and too high for desalinated water from coast to be viable, and future river link ups are less and less likely..namely the Júcar and l'Ebro rivers.
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can anyone shed any light on this?
from
http://www.diarioinformacion.com/secciones/noticia.jsp?pRef=2008051000_19_753067__Vega-Baja-constructora-Jose-presenta-suspension-pagos-deja-aire-empleos-Orihuela
The construction company San José presents suspension of payments and he leaves in the air 500 jobs in Orihuela
The business oriolana, that has a patrimony valued in 300 million, he cannot face the debts since two months ago
D. P. The business oriolana San José Investments presented yesterday contest of voluntary creditors (old suspension payments) in the courts of the Commercial thing of Alicante, as confirmed to this newspaper its president José Rodriguez Murcia. San José gives direct employment to a hundred people and indirect, through subcontracts of the construction, to between 400 and 500 workers, according to the same sources. He is a matter of a commercial born one in the rural departure of Molins, participated by almost thousand associates, since small investors to businessmen of company, that in the years of the real estate boom they did of this property development company one of the main construction companies of the city. Counts on a spectacular central headquarters in the round of the Bridge of the King. Since two months ago San José Investments could not face his obligations of payment. From that moment the board Meeting incurs in responsibility. The business counts on a patrimony of 300 million euro but has not been able to be done with the 30 of liquidity that had avoided this procedure, according to the same sources. In recent months its agents has tried for all the media to obtain that money negotiating the sale on behalf of its vast patrimony of floor with the banking companies to save the situation without achieve it. San José has sold thousands of dwellings in recent years and he counts on large projects in motion in all the region and Murcia, besides The Pinet of Elche in The Navy. The main one in the Low fertile plain, Pains Golf, on 1.8 million square meters of garden and with capacity for 2,600 dwellings he was approved after years of processing he does scarce dates by the territorial commission of Town planning. He is the main bet of development of the City Hall of this municipality that received the seen good final with fireworks. Only to initiate on the land the golf course, the business he should put on the table four million euro of guarantee. He fits the possibility that the urbanization can pass to other hands. Since years ago also plant the construction of a golf course with urbanization in the Saw of Albatera, now paralyzed. Has built-up an extensive zone of Orihuela Coast in the sector of The Cord. José Rodriguez Murcia admitted their sadness by arriving at this situation although asked tranquility to bring back the crisis, that has their origin in the collapse of the market inmobilliario and that suffer other businesses in the region. Next to this commercial one also the same procedure for another firm of the group Shoed has been registered of Toyos. The business sponsors to the Orihuela CF, the home team of second division B. The president of this property development company is a brother of Antonio Rodriguez Murcia, councilman of Districts, Gardens and Lighting of the government team of the Popular Party of the City Hall of Orihuela.
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Arnold,
This may be a better translation, we will seek an appointment with Pilar on Mon / Tues to get to the bottom of it once and for all.
"The company DP Oriolano San Jose Investments introduced voluntary arrangement with creditors yesterday (old suspension payments) in the courts of Lo Mercantile Alicante, according to this newspaper confirmed its chairman Jose Rodriguez Murcia.
San Jose employs a hundred people directly and indirectly, through subcontractors in construction, between 400 and 500 workers, according to the same sources. This is a commercial line born in rural Molins, in which nearly a thousand members, entrepreneurs from small savers entity, which in the boom years of real estate promoter made this a major builders of the city. It has a spectacular headquarters in the round of Puenta del Hay. Since two months ago San Jose Investments could not meet its payment obligations. Since then the Governing Council incurs liability. The company has a heritage of 300 million euros but was unable to gain the 30 liquidity that had avoided this procedure, according to the same sources.
In recent months, its managers had tried by all means get that money negotiating the sale of part of its vast land banks to salvage the situation without so.
San Jose has sold thousands of homes in recent years and has major projects under way throughout the region and Murcia, in addition to El Pinet of Elche and La marina. The principal in Vega Baja Golf Dolores, about 1.8 million square metres of orchard and with capacity for 2,600 homes was approved after years of processing makes few dates for the commission territorial Urbana. It is the main challenge of developing the city council of this town which hosted the final approval rocket. Only on the ground to start the golf course, the company should put on the table, It is possible that urbanization can proceed to other hands. For years also raises the construction of a golf course with urbanization in the Sierra racer, now paralyzed. THey have developed a wide area of Orihuela Costa in the sector of the area.
Jose Rodriguez Murcia admitted his sadness at reaching this situation but called for calm renew the crisis, which stems from the collapse of the market inmobilliario and suffered other companies in the region. Alongside this commercial has also registered the same procedure for signing of another group of Herrada Toyos. The company Sponsors to Orihuela CF, the local team second division B. The president of this promoter is the brother of Antonio Rodriguez Murcia, councillor of parishes, Gardens and lighting equipment of the PP government of the council of Orihuela
Will post when we hear something
Darren
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roble
Please let us know which papers this info is in, I for one would like to read the papers for myself
it is a fact most companies have cash flow problems at some stage and the fall in the housing market in general all over the world must be adding to the problems
I put all the problems down to the americans mismanagement of funds. This is only MY view
GAL
_______________________
Great Auntie Linda
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In reply to 'Auntielinda' - I saw the news article in the INFORMACION newspaper, which is a daily covering the Alicante Province. It is also in other papers which you can see if you search in google for san jose inversiones suspensión de pagos.
The link to the INFORMACION story has been posted today by 'Arnoldg' if you look below. Sorry I am not authorised to post links on this forum as I have only signed up today.
The article on the process on bankruptcy in Spain posted by 'Willyboy' provides a good explanation in English.
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The Costa Blanca News wishes to speak to people who have bought into Santa Anna del Monte at Jumilla in relation to the developer San José starting bankruptcy proceedings.
The contact is Dave Jones djones (at) cbnews (dot) es
He is writing a story for this Friday's edition (16 May 08), the usual deadline is Wednesday. If you have a point or questions that need raising, it may be worth contacting him.
By the way I am nothing to do with the paper, I just happen to be in email conversion about Jumilla golf that Dave Jones received.
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