Golf Club
Apr 23rd 2014, 7:20 pm
#512
BE Enthusiast
Joined: Nov 2005
Location: In your nightmares.
Posts: 834
Re: Golf Club
I used to be dyslexic , but I'm KO now
Apr 24th 2014, 7:15 am
#513
BE Forum Addict
Joined: Apr 2007
Posts: 2,675
Re: Golf Club
TRA-2 SA is a "Property Development" company based in Seville.
There is also a company called TR2 who are an urban waste company.
LAMPS SA is a "Real Estate" company based in La Coruna; Martinsa-Fadesa were registered as the sole administrator on 1.6.2011.
From the web :-
"Vinculaciones (translates : 'link-up' / 'tie-up') de LAMPS, SA
MARTINSA-FADESA, SA
Relación: Administrador Único" (translate: Relationship - 'sole administrator'
This information is readily available on the web….
The (text from Chris) just says “owners”, no mention of “new” hence, it stands to reason - there is no “new owner” just the original owner - MARTINSA-FADESA.
The Spanish news does talk about Martinsa-Fadesa; having missed their payments to debtors (as stipulated by the bankruptcy court) at the end of last year - rather than being called in for breach of contract they went back to the court to change the payment plan which now allows them to “miss on two payments before they are in breach” of their ten year court appointed payment plan.
As if it wasn’t already common knowledge; it appears Martinsa-Fadesa have the Spanish court system entirely sewn up in their favour.
This news was written together with some details about “negotiations to offset assets against their debts”… so who knows, maybe beneath the rumours and Chinese whispers, there may be movement in a favourable direction.
But don’t expect anything to happen over night; as is the norm in Spain, it is bound to take a very long time to come to fruition, if it does.
But in the meantime, maybe people could stop speculating about fantasy hotels and so on… is it not possible to simply wait for some real news and maybe check out some actual facts before jumping on a roller coaster ride of conclusions.
There is also a company called TR2 who are an urban waste company.
LAMPS SA is a "Real Estate" company based in La Coruna; Martinsa-Fadesa were registered as the sole administrator on 1.6.2011.
From the web :-
"Vinculaciones (translates : 'link-up' / 'tie-up') de LAMPS, SA
MARTINSA-FADESA, SA
Relación: Administrador Único" (translate: Relationship - 'sole administrator'
This information is readily available on the web….
The (text from Chris) just says “owners”, no mention of “new” hence, it stands to reason - there is no “new owner” just the original owner - MARTINSA-FADESA.
The Spanish news does talk about Martinsa-Fadesa; having missed their payments to debtors (as stipulated by the bankruptcy court) at the end of last year - rather than being called in for breach of contract they went back to the court to change the payment plan which now allows them to “miss on two payments before they are in breach” of their ten year court appointed payment plan.
As if it wasn’t already common knowledge; it appears Martinsa-Fadesa have the Spanish court system entirely sewn up in their favour.
This news was written together with some details about “negotiations to offset assets against their debts”… so who knows, maybe beneath the rumours and Chinese whispers, there may be movement in a favourable direction.
But don’t expect anything to happen over night; as is the norm in Spain, it is bound to take a very long time to come to fruition, if it does.
But in the meantime, maybe people could stop speculating about fantasy hotels and so on… is it not possible to simply wait for some real news and maybe check out some actual facts before jumping on a roller coaster ride of conclusions.
Nice sensible post - but rumours and speculation are what these threads are all about and so much fun - if we stop that them they will have to close down BE
Apr 24th 2014, 7:48 am
#514
Forum Regular
Joined: Mar 2006
Posts: 32
Re: Golf Club
Wait and see it is unlikely that cash strapped MF are in a position to do any thing positive
Apr 24th 2014, 8:57 am
#515
BE Positive
Joined: Sep 2005
Posts: 3,980
Re: Golf Club
Its the helicopter landing pad they are building opposite the hotel that intrigues me.
Jon
Never take life seriously. Nobody gets out alive anyway!
Last edited by Jon-Bxl; Apr 24th 2014 at 9:01 am.
Apr 24th 2014, 7:35 pm
#516
BE Enthusiast
Joined: May 2006
Location: Brentford
Posts: 492
Re: Golf Club
Maybe, just maybe, sell the place! But we have to wait and see. Alice always knows her stuff but I also agree with Mike. I'm a bit housebound at the moment so nice to catch up and read all the gossip!
Its the helicopter landing pad they are building opposite the hotel that intrigues me.
Jon
Never take life seriously. Nobody gets out alive anyway!
Its the helicopter landing pad they are building opposite the hotel that intrigues me.
Jon
Never take life seriously. Nobody gets out alive anyway!
May 5th 2014, 12:59 pm
#517
BE Enthusiast
Joined: May 2009
Location: Ayamonte
Posts: 491
Re: Golf Club
Any updates on the course? Is it being watered, maintained, any signs of re-opening.... Thx
May 5th 2014, 4:16 pm
#520
Sandra & Munty
Joined: Sep 2013
Location: Crowborough. East Sussex
Posts: 104
Re: Golf Club
That sounds encouraging, we will keep
Must be very frustrating being there and seeing the course but not able to play it
Must be very frustrating being there and seeing the course but not able to play it
May 5th 2014, 5:15 pm
#521
Lost in BE Cyberspace
Joined: Jun 2005
Location: Puente Esuri
Posts: 6,904
May 24th 2014, 10:52 am
#523
Just Joined
Joined: May 2014
Posts: 3
Re: EUC
Has anyone heard about ADA tendering for becoming the EUC administrators? Bit worried knowing who are behind this company.
May 24th 2014, 1:17 pm
#524
Lost in BE Cyberspace
Joined: Jun 2005
Location: Puente Esuri
Posts: 6,904
Re: EUC
Is it going to be a proper sealed bids tender with qualified "Administrators" or just awarded to a friend of a friend?