Jardin de los Reyes Development in Spain

[Goldberg Global]

Having looked at the details again.

No it does not look a bad investment, in the framework that it is done. And i hope it makes money for people.

My personal opinion for what it is worth, is as an end user, or private buyer at the end of the chain it would not suit me. But for other people it might be fine, and i hope it does work out for the investors. Every investor wants to make money.

As most people are aware, Spain is going into a nose dive currently, so market situation is not great, but it is still after Australia the number one retirement/relocation destination.

So, yes, thats be positive on the project. Maybe a change of heart. Personally I want different investments to a country I think is going to struggle.

It has alot of good things Spain, services, ease of access, safety, sunshine, facilities, it is an old hand for tourism, but there are also problems, socialist investment regime, two tier systems locals and non residents, one of the lowest yields in property. So for investors who want to keep their gains away from government. ie. capital gains, rental income tax, wealth taxes, property taxes, it is not the most profitable environment.

But the way the deal is structured should be ok to good for the investors.

By putting the money into an escrow the developer can borrow against escrow money, because he can not take your money, as perhaps (and i dont know for certain) things are not in place. (paperwork), otherwise people could put more money in.

Yes, land reclassification a good thing, profitable. Politically it is a hot time for Spain and building as the sector is really in pain, so the town halls *local, regional and national governments have alot of power. So politics to get things done over rides pure economic capitalism (which I dont like)

In spain there are 3 tiers of government and red tape, in the uk is 2.
Spain, local, regional and national.
Uk, local and westminster if in England, other areas different.

So dealing with entities outside of an investors control is always more difficult and more tiers of government just mean one thing. Time and waiting.

Sincerely I am 150% behind people wanting to make money and making investments.

Spain in Europe, and perhaps Italy are maybe the best 2 retirement locations. There will be a market, but times are getting quite tough in Spain on a number of levels.

[morata]

to harveyd:

From what you know ... nothing to worry about then! JDLR is going to be one of, or even the, best eco-resort in Spain, if not Europe. It is doing just fine, thank you very much, all you people who post here with ridiculous attempts to worry investors. I am enjoying my substantial profit already and will build on my two large plots in order to enjoy fully the fruits of this amazing development long into the future.

Dear friend, I am not "posting ridiculous attempts to worry investors"...I am just sharing information with all those not living here and not having background knowledge of Spain and it legal framework (yourself and alikes)Thats the basis of Forums like this one.
As I explained on my post, urban planning and land laws have drasticly changed last year, well after MC Consulting started drafting JDLR master plan.If they haven´t submmited to Almansa Town Hall their application of permits for their project yet...They will never be granted planning permit-
Remember golf courses CAN NOT have attached thousands of properties under the new law. Only hotels and leisure facilities. Simply speaking JDLR has been drafted regarding the former LEY DEL SUELO from 1998 (under the PP goverment) when developers could negotiate with local authorities the development of "leisure facilities" as golf courses along with 3k,4k-7k properties.Those days are gone, you jumped on the train too late.
Those are the reasons why Almansa Town Hall won´t grant building licence to JDLR as they would be breaching nationwide legislation that came strait from the Upper Chamber in Madrid.Trust me Almansa planning officer will not stamp that proyect. That´s business...sometimes you win others you lost.

Therefore I don´t think you are "enjoying your substantial profit already". As you have just purchase some "pre-licence" plots. You only signed a "promise or compromise of selling/buying" between yourself and the developers once they have the green-light by Almansa town hall planning department.Looking at your latest posts I asume you could be part of MC Consulting as you haven´t denied what I stated...you haven´t gone deep into the facts just dismished my post.
Any one giving their opinion and not being optimistic with JDLR is heavily confronted by you (GG has more experience on this than me... I would love to hear his opinion as he seems to be leaving in Spain) that makes me think that you have more interest than the average investor in giving a good name to JDLR you are part of MC staff.
Good luck anyway.

From Rio de J
Regards,

[harveyd]

No, wrong on all counts RdJ ... I am not connected with MC in any way, other than as a client ... and you are simply wrong wrong wrong about what Almansa Town Hall will do. They have in fact ALREADY granted a provisional planning permission and will give outline planning in just a few months or even less. That's it. You are either misinformed or trying to misinform others. Watch and learn from people who have the vision to create something extraordinary and the courage to back that vision. All your obsession with golf courses and town halls is simply irrelevant to what is going on here. Why don't you try calling MC and put all your nonsense to them directly, after all they are only a phone call away. But of course you don't want to let the facts get in the way of a good story do you? LOL! PS - Nice try but you;ll have to do better than that!

[tina reddle]

Harvey you seem to be missing something. This project was advertised originally with planning to be gained by 2008 or your money back, now its another two years or your money back. What will be the situation in two years time myt guess is another two years. Take a tip keep your eyes on Torre Grande Golf.

Originally Posted by harveyd

Risk Free Investment

Prices from: 70,000 Euros

This luxury development will be constructed in the heart of Spain near Alicante and include a range of five star amenities, including a sporting village, 27 hole golf coure, open air amphitheatre and vineyard.

Investors will have to pay a initial deposit of €15,000 and the remaining €55,000 in two years time when planning is granted. After the two year period if you are unhappy with the market or your investment, the developer will buy it back from you and give you a net return of 10% profit (total refund 16,500 Euros).

Jardin de los Reyes

The development is a total of 2600 acres and will only consist of 5000 dwellings in total. This will provide residents with spacious plots, avoiding the cramped conditions found on the coastline. Buyers will be able to purchase plots within this tranquil, picturesque environment.

It is in a strategic location with existing first class communication links. It is close to two major international airports, Alicante and Valencia, as well as having the new AVE high speed train terminus only 4km away. Direct motorway access is provided to Madrid, Valencia and Alicante.

Amenities include:

>A restored historic cortijo forms the centre piece
>Working bodega (vineyard)
>Large green and forest areas within the development
>Golf course with 27 holes and clubhouse, golf academy and pro shop
>Commercial area
>Sporting village
>Open air amphitheatre
>Conference and exhibition facilities
>Health facilities

The Investment

Jardin de los Reyes combines the two most widely accepted investment vehicles in the world: Land reclassification and property development.~Put simply, the financial gains are two fold:

Outline Planning – once planning approval is achieved, plots will be worth substantially more than the current purchase price. Plots can then be re-sold to benefit from the planning gain.

Definitive Planning – Jardin de los Reyes will be a development unequalled in Europe. At this stage you could choose to build a villa to enjoy or sell on to achieve further substantial gains.

Developer buy back guarantee

If in 24 months you are unhappy with the market or your investment, the developer will buy it back from you and give you a net return of 10% profit (total refund 16,500 Euros)

Payment Plan

>Only 15,000 Euros secures your investment
>No more to pay until we achieve definitive planning (55,000 Euros)
>Secure investment - fully bonded capital
>Mortgage options on villa build service

[tina reddle]

--------------------------------------------------------------------------------

Harvey you seem to be missing something. This project was advertised originally with planning to be gained by 2008 or your money back, now its another two years or your money back. What will be the situation in two years time myt guess is another two years. Take a tip keep your eyes on Torre Grande Golf.
Quote:

[law]

Congratulations, Forum will be for you alone.....!!!!!!!!!

[law]

we are miss you,

Please participate and express opinion.......

[harveyd]

TR - There are different deals depending on when you invest, it's not rocket science! When I and others invested, at significantly below the current price, the deal was for a refund if outline planning permission not received by the end of 2009. Investors coming in now will obviously be getting a different deal.

I really do wonder whether it's worth responding to the comments on this board since they just seem so astonishingly ignorant of the project, or designed to put others off because of professional jealousy. Why not do something truly shocking before next posting a deramp - CALL MC CONSULTING OR ONE OF THEIR AGENTS AND GET THE FACTS FROM THE HORSE'S MOUTH.

[Damian George]

Hi AustralianInvestor,

Ok, this is a great investment that started its life about 2 yrs ago and ypu had the chance to get in aroung eur 30k. (also at the height of the spainish boom)

Personally i believe this was a joint venture between movewithus and mc consulting.

Mike is trying to get approval on the land but if it doesnt in the mean time he is collecting the deposits and banking investing than and seeing if the option on the land will be valuable.

In the mean time Eur 300 million is sitting in his bank account earning interest until 2012and paying the company's cost.

Personally i would buy a finished development and not a maybe/maybe not

[harveyd]

Damian George, what have you been smoking?!

1. You address your comments to a poster who has all but disappeared from this thread!

2. You say it is a "great investment" then proceed to slag it off.

3. You say he bought in for 30k Euros, when the lowest possible price was in fact 60k Euros.

4. It was not launched at "the height" of the Spanish property boom, but in fact when it was coming to an end.

5. You say 300m Euros is sitting in MC Consulting's bank account - a crazy big number which you just plucked from the smoke-filled air.

6. You would never buy off-plan let alone pre-planning permission ... great, as if we needed even more evidence that you have absolutely no reason to be on this thread!

Dude, whatever you're smoking must be pretty damn powerful! Go easy with it ... and don't bother to share anymore brilliant insights with us. Gracias amigo.