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Further Problems at Paramount ?

Sat 25th Feb 2012

The clock is ticking once again for Murcia's Paramount Pictures theme park project.

The promotor and developer of the park, Proyectos Emblemáticos Murcianos SA (Premursa) headed by President Jesus Samper, was due to officially sign for the purchase of the 1,812,926 meters square plot of land at Alhama de Murcia where the theme park and lifestyle centre was scheduled to be built on the 6th of February.

However, problems arose at the last minute when it was found that a number of the plots being purchased were not free from outstanding charges.

Question : Why was this only brought to light at the very last moment when the purchase was moved to the notary ? - Outstanding debts attached to Spanish property can easily be checked out way in advance.

Samper acknowledged the 'slight problem', stating how it would not have an effect on the laying of the first stone at the park being scheduled for April this year, and with the park being officially open for business for the summer of 2015.

Samper also stated at the time that the purchase would be brought back to the notary again once the problem had been rectified in 1 month's time.

Question : One month on from the 6th of February is the 6th of March, and everything seems to have gone quiet once again. Is this a sign that the issue has not yet been resolved, or that a further 'problem' has presented itself ?

Comment on this Story

According to comments made by both Premursa and the regional minister for culture on Thursday of this week, the first stone at the partk WILL be laid in May. - With regards to the whole debt issue, it should at least give the rest of us confidence in purchasing property in Spain, that even Multi-Million Euro deals can go pear shaped sometimes
Tumbit - Admin - Sat, 10th Mar 2012
When will the other one-third of the land be purchased? If outstanding debts attached to Spanish property can be easily checked in advance, why was this not done? Will work actually start in May or will they be more delays?
Corey - Sat, 10th Mar 2012

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