30 Apr 2009 12:00 AM:
This email is being sent to Parador Properties Limited buyers of properties on Almanzora Country Club and Thabernax Oasis Country Club so you will receive this email no matter what your current contractual circumstances.
We were not going to release any information to Parador’s buyers until we had a clear positive indication that all the planning and financial matters had been resolved. However, over the past few weeks we have received many requests for up to date information so we have decided to present the information as we currently know it, as follows:-
ALMANZORA COUNTRY CLUB
Below you will find an extract from the Junta de Andalucia Report about planning policy in the Almeria region. This is the document which deals with the land use allocation in Cuevas del Almanzora which was necessary before any further progress could be made towards agreeing planning matters at ACC. It was published on the Junta’s website page www.juntadeandalucia.es/
The translation is a web-based translation. It is not an official translation.
The report confirms plans to allow the development of 1,900 new homes in the town of Cuevas del Almanzora. The Junta had previously publically confirmed that ACC was part of this allocation.
Since the report was published, we understand that the town council have issued specific planning directives in connection with Almanzora Country Club. We have not yet seen these documents but will report further when we have done so.
After such a long period of waiting, this is an encouraging stride forward towards seeing the Almanzora Country Club development receive the formal planning approval required by the Junta, albeit that it would appear to be on a smaller scale than was originally envisaged.
We must now wait for the town council to finalise the detail and give landowners and the public a timescale for reaching agreement and giving approval to all the projects, including ACC, held up in the town by the Junta’s intervention.
OASIS - THABERNAX COUNTRY CLUB, TABERNAS
Some purchasers of ACC transferred their contracts to the Tabernas project.
Legal advisers acting for purchasers confirmed to them that TCC does have relevant planning permissions to enable it to proceed and work on the first phase commenced in 2008.
However, work has not progressed to the extent we were promised. See below.
HUMA MEDITERRANEO
Because of the difficulties the company has faced due to the ACC planning problems, Huma have been in a situation during recent months where they could not contemplate a start back on site at ACC or developing the Tabernas scheme further. They went public at the end of last year to say that they were in negotiation with another party to raise finance to enable them to move forward with both projects
As many Huma clients will have heard from their lawyers, the company has now agreed a building and development partnership which should see the Thabernax Country Club move forward towards a speedy conclusion over the coming months.
We assume, although we are awaiting clarification of this, that the partnership agreement will ultimately extend to Almanzora so that, once the ayuntamiento (town council) give the detailed permissions required, work will be able to recommence to finish off what is already partly constructed.
FURTHER INFORMATION
What we have outlined above is the only information we currently hold.
It has been Parador Properties’ policy in the past to only report facts as and when they were able to confirm them.
We will continue with this policy.
Any new information will be communicated via email once it has been verified.
Yours sincerely,
Parador Spain
Ref: gjm
IMPORTANT:
Parador Properties limited “group” is in administration.
Parador Spain has acquired Parador Properties’ Spanish interests and is offering advice and assistance to all Parador Properties buyers in Spain.
Parador Spain is an independent business run by personnel living in Spain who were previously involved with Parador Properties Limited.
Community thread:
Parador Letter - update on Huma projects
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