Re: COSTA ESURI - AYAMONTE
 

Just had a call from Spain - apparently this generator has been refilled - apparently someone is paying for the diesel - hopefully the suppliers will continue

Re: COSTA ESURI - AYAMONTE
 

There was a meeting today between Fadesa/ management company for Las Jaras and Ayamonte council to try to get electric connected. Not possible today and hence the generator was restocked. The feeling was that the electric supply would be connected in very near future. (I know, I know!).

Re: COSTA ESURI - AYAMONTE
 

BUT everyone tells us that it is all in the hands of Endesa and they weren't at the meeting so what did they expect!

Re: COSTA ESURI - AYAMONTE
 

The problem all along has probably been the lack of money Fadesa has paid Endesa, would you supply them knowing the position they are in ?

Re: COSTA ESURI - AYAMONTE
 

I think you are all panicing for nothing over the lecci.

Re: COSTA ESURI - AYAMONTE
 

Over on Monday the 21st for 2 weeks, anyone fancy a game of early morning golf.

John

Re: COSTA ESURI - AYAMONTE
 

NEWSFLASH - Just had a call from my brother at my place on RAGO1. This generator has exploded (not sure if vandelism or not) and is on fire. Number of cars there - I'm guessing security - fire brigade have just turned up but it sounds serious. I will try and keep everyone updated. :ohmy:

Re: COSTA ESURI - AYAMONTE
 

Proberly the stupid man has filled it with petrol and not derv.or no genni no fuel bills

Re: COSTA ESURI - AYAMONTE
 

Oh dear, that's not good. We have guests staying in our apartment until Wednesday, was hoping things would at least be okay until then. Have not heard from them, but I guess no news is good news!!!

Lynn

Re: COSTA ESURI - AYAMONTE
 

the generator is fine ive just had my friend who is staying at my place to have a look

Re: COSTA ESURI - AYAMONTE
 

The generator that blew up was one of the ones on RVA 1 townhouses and affecting Manzanas 3 & 4 that I know of. These properties are now without any power.

Re: COSTA ESURI - AYAMONTE
 

sorry to miss lead people - I was continuing the conversation re the townhouse generator! RAGO 1 is fine

Re: COSTA ESURI - AYAMONTE
 

Mixed news from today's Huelva Informacion:

The alcalde has "called for calm and ensured the provision of services" on Esuri where 2500 homes have been built, although many unlikely to be sold soon.

Just one week after the Centro Comercial presentation, its future is once more in doubt as the business community is "monitoring" the situation "before giving the green light" to releasing funds for investment in it. The Huelva Small and Medium Sized Business Association has confirmed "numerous" requests for advice on the situation and has warned that unless things within Fadesa calm down soon, the project will encounter serious problems, from both a labour and business perspective.

Make of all that what you will.

Re: COSTA ESURI - AYAMONTE
 

My goodness, it is horrible to read all these distressing posts and I feel my contribution to the thread will be seen as banal in view of all the problems. Those of us who have already purchased and have had the use of our house for over 2 years now are also concerned re the general forward movement on the urbanisation and the upkeep of roads etc until they are handed over to the council but for those in the process of buying and have so much investment in their prospective properties without finalisation, well it must cause sleepless nights.

On the UP side I cannot see CE being left 1/2 finished, despite the recent economic turnaround there is money to be made if the right investors move in and continue with the development. Also there is nt only Fadesa there, other areas/properties on CE and managed by different companies on a smaller scale so at least the whole of CE is not down to Fadesa.

I returned earlier this week after having a fabulous time in the sun with some very good friends. met Jon BXL and Catherine and Graham G and Sandra..YES, it is my round next time !..good to put faces to the names and meet up with you all.

Went to Jag's Indian restaurant...mmmmmmmm, wonderful, DO GO.

Also had a pamper girly night with Sally ( Lomsa de Esuri M2) who has set up "Real Women" and we had facials, massages, pedicures etc, all very professional, good value and Sally is great.

If anybody wants her email please PM me and I will pass on her contact details.


Mel

Re: COSTA ESURI - AYAMONTE
 

"...now are also concerned re the general forward movement on the urbanisation and the upkeep of roads etc until they are handed over to the council..."

The council has promised that there won't be a problem there.

"...On the UP side I cannot see CE being left 1/2 finished, despite the recent economic turnaround there is money to be made if the right investors move in and continue with the development..."

Martinsa Fadesa - assuming things don't take a huge turn in the wrong direction - are in voluntary administration and have every intention of continuing as a company, hence the steps taken. With this in mind, Esuri is an asset and they will seek to protect it. BUT, and it is quite a substantial but, what defines finished will differ greatly between yourselves and Fadesa. They make sure you get your house, the roads are done, throw in a bit of parkland, a plaza or two, golf courses already there, electric, water etc.... - I think they would regard that as pretty much finished. To my mind, although I haven't seen any of your deeds, if you get the above mentioned that should be more than enough to legally satisfy your contract - I doubt that written into the deeds are anything about the other homes, the hotel, the centro comercial, the marina etc.... It is these things that could be considered superfluous to satisfactory completion. Ethically wrong, you could argue, but your house would be "complete".

Although I could possibly see buyers interested in the hotel (which I'm sure had been already sold on, but not 100% sure), I don't see Fadesa ever going ahead with the marina. The council may want it as they are running out of berths in town and Canela, but will they want to take on the cost of constructing it, which would be funded by Ayamonte tax payers, most of whom would not benefit greatly from it anyway - even if they don't own boats, they get the benefit of making their town centre more attractive and the financial benefits that come with that, something they would not get so much of at the 'self-contained' Esuri site. Then there's the Centro Comercial. Sure, someone could be interested in it but it would have to be down the line, surely.


"...Also there is nt only Fadesa there, other areas/properties on CE and managed by different companies on a smaller scale so at least the whole of CE is not down to Fadesa...."

And this could be very hazardous - Fadesa is HUGE. The others, as you correctly point out, are not and if they go tits up, how would their "rescue plan" go? Remember, a thing in Fadesa's favour is that its assets outstrip its debts by more than 2:1

Look at this for an upside - although not officially quoted, someone at Fadesa (and I believe there are many who have had this independently confirmed although not necessarily from this board) has said that all those who have bought houses, waiting to complete etc will NOT lose their money; they WILL have their contracts completed as set out; the communal areas will be finalised; (this one I doubt, but they said it anyway) the Centro Comercial will be completed.
That it may not end up being what the big model in the shed said it was going to be, they are still new, pleasant buildings. The resort hasn't moved - it's still next to the motorway, it's still next to Ayamonte, it still has two golf courses, it still has nice views of the river etc. That you may have to travel a couple of kms to use a commercial centre may be a good thing in the long term - better to have one strong, robust centre than two struggling ones as they are both in the same, small catchment area.
This doesn't mean that nobody can't open a shop on the urbaizacion, converting a house or downstairs apartment.

It is a bitter blow not to get all you were expecting, but it isn't grim death either. Many of you will look back on this someday in the future with your sangria in hand taking in the sun from your balcony wondering what you were ever worried about.