Matinsa Fadesa exits insolvency
 

I have found the following links:
http://adpnews.info/?nid=e84f413828a8949d

http://www.starproperty.my/PropertyS...News/10744/0/0

Does anyone have any further information?

We were due to complete on a property when the receivers were called in and information has been very hard to come by!

Maggie

Re: Matinsa Fadesa exits insolvency
 

Hurra, Hurra !!!
Martinsa Fadesa starts again his operations.
I hope Hotel and Commercial Centre is coming soon to take a resolution.
Great news for Esurianos.

Re: Matinsa Fadesa exits insolvency
 

But they still owe so much money, it will be years, before there is any spare cash, if any at all, for works still needed. :eek:

Re: Matinsa Fadesa exits insolvency
 

True, but still better this way.





You can buy the comercial center for €19 million, interested? :)

What shops would we like to see in there one day?

Re: Matinsa Fadesa exits insolvency
 

The plan is an 8 year one but it depends on whether they can realise the assets at the valuation they have placed on them.

Presumably if someone bought the commercial centre they would be in a much better position!! Please form an orderly queue ;)

Maggie

Re: Matinsa Fadesa exits insolvency
 

Re: Matinsa Fadesa exits insolvency
 

That is the problem, stores need punters about before they will invest, and people need facilties before they will buy, it`s a sort of chicken and egg situation.

Re: Matinsa Fadesa exits insolvency
 

Thats why I asked the Mayoral candidate about the proposal by the existing Mayor to allow a Superstore, pertol station, hotel and shops to be built just over the motorway on the poligono less than 3 km from the CE commercial center and unfinished hotel and also less than 3 km from La Plaza a commercial center in crisis and just down towns lots of vacent new shops and failed shops. He did not think it was a good idea.

Re: Matinsa Fadesa exits insolvency
 

Be careful what you wish one or two schemes are being discussed which you may like less than an an underused shopping center.

Re: Martinsa Fadesa exits insolvency
 

Apologies ... I have only just noticed my typo!

What schemes are you concerned about John & Kath?

Maggie

Re: Martinsa Fadesa exits insolvency
 

It has been suggested that there is a group of investors who would want to turn the site into a Casino.

Similar to UK Casino Licences are directed by Central Government and allocated by the communidad. Andalucia has 4 tier one licences to give out one has gone so we might get a pretty big casino where we thought there would be a supermarket, restaraunts, bars and a multi screen. Would that be a good thing?

Re: Martinsa Fadesa exits insolvency
 

Re: Matinsa Fadesa exits insolvency
 

Totally agree, there are many supermarkets in Ayamonte which we should be supporting, it need to be something original there which is not already in Ayamonte so as not to trade away from the town but what ?? Yes, some type of sports/leisure activities is a good idea and I think a casino would be good, the one in Monte Gordo seemd to do well, they have shows on and serve a reasonable meal too although it is years since I have been there.

Mel

Re: Matinsa Fadesa exits insolvency
 

You remember that the cinema in Ayamonte´s commercial center showed film in their original version? That did not work and by now the cinema closed down completely. They could not even manage in a town with 20.000 inhabitants.


A bowling would be fun.

Re: Matinsa Fadesa exits insolvency
 

We used to go bowling in marbella. Since the recession the venue has been halved in size so it cannot have been doing well. Problem is that it can be expensive for anyone with a few kids.