Jardin de los Reyes Development in Spain - Page 21

harveyd · #**201** 30-03-2008, 09:41 PM

"Those who prefer to be blinkered ..." Hahahaha!! What a great sense of humour you have: a man who prefers not to be confused by the facts, firsthand from the horse's mouth (M&C) but feels it is better to go by third-hand accounts ! Hilarious ! By the way, I have looked at your website and frankly it is a mess: amateurish in the extreme. You seem to think that Brazil is a much safer bet than a project in Spain complete with a money-back bonded guarantee. Each to his own, eh Michael. But word of advice: do be more careful who you go accusing of being the mug punter in future.

michaelbush · #**202** 30-03-2008, 10:54 PM

Quote:

Originally Posted by harveyd

What a great sense of humour you have: a man who prefers not to be confused by the facts, firsthand from the horse's mouth (M&C) but feels it is better to go by third-hand accounts ! Hilarious ! You seem to think that Brazil is a much safer bet than a project in Spain complete with a money-back bonded guarantee. Each to his own, eh Michael. But word of advice: do be more careful who you go accusing of being the mug punter in future.

While you are waiting to get your money back, it could be working for you in a safe investment, whether recommended on our website, which covers very good opportunities in several countries, including Spain, or you might consider a bet on the horses, since you brought up the subject of horses. Or perhaps you work for M&C and have a vested interest? In any event I thought the details had been set out in detail in this thread, enough for common sense to prevail. And please do not be childish, nobody has accused you personally of being a mug punter. Good luck to you!!

harveyd · #**203** 31-03-2008, 06:46 PM

"While you are waiting to get your money back, it could be working for you in a safe investment" ... er, I think a deal whereby I lay down just EUR 15k in return for a full refund plus 10% by the end of next year or possibly even earlier, or instead opt to take a mortgage and buy the land outright, or to sell for an instant profit, is what is called "a blo*dy good deal" where I come from.

"or you might consider a bet on the horses, since you brought up the subject of horses". ... ok, a completely irrelevant comment, thank you.

" Or perhaps you work for M&C and have a vested interest?" ... Yaaaaawn ! Always the same accusation, sooo tedious but your way of trying to distract attention from the facts. And since you don't really want the facts because you are afraid to talk to M&C, well, enough said. And no, I do not work for them, I am a client who has bought on JDLR.

"And please do not be childish" ... and you'd know about being childish wouldn't you!

Good luck to you too with your "safe as houses" investments and your very discerning punters, I mean clients ! LOL !!!!!!!!!!
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law · #**204** 02-04-2008, 08:13 PM

Following the intense legal and topographical work, in order to update the description of all the properties in the plot (land and existing buildings) and get this new description officially registered in Notary Registration numbers 74 to 79 (Almansa Notary Mr. --------- on 30th October 2007), Martin & Clews has achieved the basic contract commitment and acquired the 100% share capital from the owner. This fact is officially stated in Notary Registration numbers 289, 290, 291 & 292 (Almansa Notary Mr. ---------------, 06th February 2008). This has allowed us to start the process of application to the Town Hall to include our project in the General Plan from Almansa.The project will prove to be of great benefit for the town and we have presented all the social and economic factors to justify our development in this area. From an economic point of view our development will bring wealth and life to the town providing employment in the short, medium and long term projecting high social and economic values. Meetings have been arranged to agree the parameters of the housing and facilities which we expect agreement and we will provide another news letter with the details when they have been concluded.Our intentions remain – to create a multi-purpose development based on low density formula, taking into consideration factors of interest such as – businesses – tourism – residential & holiday housing – culture – eco friendly footprint, which underlines our principle objectives of preservation, enhancement and restorationYour next payment is due after we have achieved our first stages of planning (agreement of density and parameters)

rowlandsbb · #**205** 02-04-2008, 09:48 PM

All very technical and looks impressive but essentially it is a planning application on what we in UK call 'Green belt' where the presumption is 'refusal'
Argue what you like and of course in due process of time all the permits may be granted
But in todays economic climate. however good the bank guarantees, it is just one big 'punt'
Nothing wrong with this if you are 'using punting money' and can afford to lose it.....and if you can...good luck

But getting all the permits in Spain at present when they are targeting rustic illegal development and anything touching on damage to the Campo environment is bad politics, makes this perhaps a 33/1 shot

Seems to me a 'hard way to earn a buck'!!!

michaelbush · #**206** 03-04-2008, 01:29 AM

I concur fully Brian as I have said in previous posts. There have been a number of similar deals in the UK, betting on Green Belt becoming Urban land, and as with Spain you could be waiting a very long time! My money would be better placed elsewhere, but I do wish all the investors luck with this speculative venture. It just is not for me.

harveyd · #**207** 03-04-2008, 11:28 AM

How many times must I repeat it???!!! The money is bonded and guaranteed !!! With a 10% interest return by end 2009. Jeez, such pathetically obvious deramping!!!

hatch · #**208** 03-04-2008, 10:41 PM

Quote:

Originally Posted by michaelbush

I concur fully Brian as I have said in previous posts. There have been a number of similar deals in the UK, betting on Green Belt becoming Urban land, and as with Spain you could be waiting a very long time! My money would be better placed elsewhere, but I do wish all the investors luck with this speculative venture. It just is not for me.

Firstly, it isnt green belt per se but simply rural land as it does not border the local town's community.

Secondly, the difference is that there has been a lot of ground work selling, buttering up, justifying (or whatever you want to call it) the development with the decision makers regarding this particular bit of land.

My opinion is that it will get the green light as all districts have to have a plan to present to central govt setting out how they intend to provide for population growth- as they are obliged to do so. This project ticks the boxes and means the council can adopt it and save themselves a whole lot of work.

However, I am not sure that it will be this summer- I imagine it will get drawn out beyond that towards the end of the year.

That said, by way of balance, I do not think the above news letter adds any concrete indications that outline planning is contractually any nearer. For that reason, the 'early payment discount' for the next installment on plots currently being offered, seems to smack of a little too much desperation for my liking. If they really have sold 560 plots at an average 15/20k euros a pop, why is more money needed to top up the 10 million or so they should currently be holding?

michaelbush · #**209** 08-04-2008, 12:48 AM

In Spain Rustico or Campo land is virtually the same as Green Belt in the UK. You cannot urbanise it without the goodwill of the town council bordering it. That is not to say they will not one day allow it. The famous Valencian Land Grab law, is notorious for such plans getting passed and the owners of land in the middle get to pay for infrastructure to destroy their chosen lifestyle, on a plot of 10000m2 or more.

All the same it is a gamble, and not investment by definition.

harveyd · #**210** 08-04-2008, 12:52 AM

Risk-reward, risk-reward-risk-reward etc. etc. etc. ad nauseam ... ALL investment is a "gamble" so don't use that word as if you are holding your nose while saying it !! Indeed, it is all too often the "safe investments" that turn out to be not so safe, and the "crazy gambles" that turn out to be the much more prudent investments. Clearly, you are not a shrewd investor.