Jardin de los Reyes Development in Spain

[law]

Aust.Invst.,dee dee&andy-thank you for intrested dialog and agood
information about the project........
I am out of spain but realy after this information I feel that I am in the center
of the project area........
thank you again for all and I feel that project will be a realy in future for nice
dream now.......
good luck for all and keep it up.........we need more and more from you.
spetial thanks for AUST.INVEST.

[Goldberg Global]

Hi Andy if I simply do not have time to go and visit the development, for me it does seem like time well spent when I have a 1000 and 1 things to do. I expressed my comments in sincerity and do not not need to go to Albacete, or Alamansa or the site, I can do the figures, I know the market here and have possibly greater local knowledge than many people, to know if it is worth a drive too. I am sorry, not convinced, but Andy, I wish you well on this one.

regards Darren

[law]

tina reddle
Junior Member Join Date: May 2007
Posts: 1

Jardin de Los Reyes

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I have been looking in Castilla La Mancha Spain for property and come across a town called Almansa. There are two projects Torre Grande Golf which has just received permissions for its first phase and Jardin de Los Reyes which I have been told hasnt even put a project in to the town hall and have in fact been asked to withdraw their website by the town hall. I know which I will be looking at. Also The Algarve is looking great for investment


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I believe only aust.invest.if He answered that his opinion is so ....

[Goldberg Global]

Interesting post if true.

That the town hall is asking no one to actually publish the site.

My question to all the people who has brought there or put money in.

What did your lawyer say about this? What advice have you been given to put money down on unlicenced projects, or speculative investments? It seems from a 3rd party point of view to be like gaming or gambling as you have no idea what the outcome is going to be.

If true the comments above. I guess the only way to know is get your lawyer to speak to the town hall to find the truth. Seems a bit logical to do that prior to purchase not after.
The whole deal seems a bit weird in truth.

The comment above about the developer not even submitting a project yet rings alarm bells, as that means he has maybe not even tried to get a licence. As far as I know to apply for a licence costs money, and at least that would make them seem more serious. Not convinced on this whole thing so far.

My question to all you investors, if you get your money back, will you come invest with me after?

[andyk2]

Morning Darren - couldn´t sleep last night (saw your post was at 1.05am - were you watching the election results?). "Laws" quote from Tina was originally posted in the "scams" section of the forum, to which my response was

Very interested in your source of information, as I understand that Torre Grande Golf have been selling their properties for 18 - 24 months with no planning permission, and I believe that in March, their latest planning application was refused because of the amount of water that the resort would take away from the town. Either the developer has found a secret source of water or has acquired planning permission in record time for another reason. The Jardin de los Reyes project is being presented to the town hall in five weeks time. Such is the complexity of the project, that it is anticipated that it may take as long as 18 months for outline planning approval to be confirmed (something that Torre Grande Golf managed to acquire in 6 weeks?). I have spoken to the developer and they have confirmed that no request has been made to remove their web site prior to their presentation. As I represent a considerable number of interested parties, I would be very, very interested to know what your sources are, how you came about this information, and, as you have not contacted the developer to clarify the situation, how you are justified in making your post under the Scams sub-forum.

Bob ("Totallyproperty") got wind of it and requested justification of Tinas claims. Despite this, and several other posts, there was no response, no justification, and the post was moved out of scams into Spanish Property by Bob. (It´s about two threads below this one at the minute).

I can fully confirm that the directors of the company behind Jardin de los Reyes have received no request or instruction to remove their web site. I can also confirm (and this can be backed up on the Almansa town hall web site) that Torre Grande Golf has received permission to restore an old finca on the land that they have acquired HOWEVER, there is, and will probably never be, planning permission for the Torre Grande Golf project as it stands at the minute.

The Jardin de los Reyes planning application is on track to be presented in 5 weeks (and consequently, approaches to the town hall will be met with blank stares at this time). The environmental, water and sociological studies have been completed with positive results, and everything is proceeding how it has been timed.

In answer to your question about what clients´ lawyers think of this project and the advice they have given - about 75% have got their heads around it and advised their clients to proceed. It´s a complex project. Sure, it´s speculative (which property investment isn´t?), but there is a money back guarantee written into the contract and would you rather invest somewhere with the potential to be very lucrative with a money back guarantee or use the same amount of money to purchase a one bed apartment on the fifth line from the beach in Varna? I´d like your 3rd Party view on that!

In respect of investing into a development for which the planning has not yet been submitted, it has been an issue since last October when the project was launched. Although the final result is that clients will own a 900 m2 plot of urbanised land on a low density development (which will be worth considerably more than the initial investment), the monies which are being paid at the moment are contributing towards the costs of planning application and marketing. IF the money is spent and the planning application goes pear shaped, the land alone (even as agricultural) is worth almost three times the amount that investors will have input.

I hope my post muffles some of those alarms bells, and, to all those investors who are going to make a huge profit on this project, I hope you come back to me to invest again.

[Goldberg Global]

The Jardin de los Reyes project is being presented to the town hall in five weeks time. (OK)
Such is the complexity of the project, that it is anticipated that it may take as long as 18 months for outline planning approval to be confirmed. I have spoken to the developer and they have confirmed that no request has been made to remove their web site prior to their presentation. (OK THEN SOMEONE IS GIVING OUT DODGY INFO, BOTH PARTIES CAN NOT BE RIGHT AS THEY CONTRADICT ONE ANOTHER.)

As I represent a considerable number of interested parties, I would be very, very interested to know what your sources are, how you came about this information, and, as you have not contacted the developer to clarify the situation, how you are justified in making your post under the Scams sub-forum. (YES LET EVERYONE PUT IT IN THE OPEN)

Bob ("Totallyproperty") got wind of it and requested justification of Tinas claims. Despite this, and several other posts, there was no response, no justification, and the post was moved out of scams into Spanish Property by Bob. (It´s about two threads below this one at the minute).

I can fully confirm that the directors of the company behind Jardin de los Reyes have received no request or instruction to remove their web site. (OK)

I can also confirm (and this can be backed up on the Almansa town hall web site) (ANDY KEEP YOUR COMMENTS TO WHERE YOUR INVESTORS HAVE INVESTED THEIR MONEY NOT OTHER PROJECTS, THEY ARE INTERESTED IN WHERE THEIR MONEY IS, NOT OTHER PROJECTS.)

The Jardin de los Reyes planning application is on track to be presented in 5 weeks (and consequently, approaches to the town hall will be met with blank stares at this time). The environmental, water and sociological studies have been completed with positive results, and everything is proceeding how it has been timed. (OK, 5 WEEKS FROM NOW TAKES US TO END JUNE, BEGINNING JULY)

In answer to your question about what clients´ lawyers think of this project and the advice they have given - about 75% have got their heads around it and advised their clients to proceed. (WOW, 75% OF THE LAWYERS HAVE SAID INVEST IN THE PROJECT, MMM. WHO ARE THESE LAWYERS, ARE THEY SEPERATE INDEPENDENT LAWYERS, SEPERATE TO THE DEVELOPER AND AGENT?)


It´s a complex project. Sure, it´s speculative (which property investment isn´t?) (MMM)

, but there is a money back guarantee written into the contract and would you rather invest somewhere with the potential to be very lucrative with a money back guarantee or use the same amount of money to purchase a one bed apartment on the fifth line from the beach in Varna? (WHAT ARE YOU TALKING ABOUT, YOU KEEP FLITTING BETWEEN DEVELOPMENTS, KEEP TO THE DEVELOPMENT THAT YOUR CLIENTS HAS INVESTED IN.)


I´d like your 3rd Party view on that! (YOU HAVE IT ABOVE)

In respect of investing into a development for which the planning has not yet been submitted, it has been an issue since last October when the project was launched.

Although the final result is that clients will own a 900 m2 plot of urbanised land on a low density development (which will be worth considerably more than the initial investment), the monies which are being paid at the moment are contributing towards the costs of planning application and marketing. IF the money is spent and the planning application goes pear shaped, the land alone (even as agricultural) is worth almost three times the amount that investors will have input. (????)

I hope my post muffles some of those alarms bells, and, to all those investors who are going to make a huge profit on this project, I hope you come back to me to invest again.
(IF YOU HELP YOUR INVESTORS MAKE MONEY, THEY WOULD COME BACK TO YOU, IF YOU DONT MAKE YOUR INVESTORS MONEY, THEY WILL LEAVE YOU AND SAY THAT IT WAS NOT A GOOD EXPERIENCE TO OTHERS.)

(TIME WILL SEE THE CONCLUSION, IF PROJECT NOT IN IN 5 WEEKS, CALL IT 6 OR 8 WEEKS IN SPAIN. THEN MOVE THE MONEY. WHY WOULD SOMEONE TRY TO DISINFORM PEOPLE LIKE THE ABOVE POST?, DONT PEOPLE HAVE BETTER THINGS TO DO. )REGARDS DC.

[andyk2]

Hi Darren,

A few answers to your points.

(ANDY KEEP YOUR COMMENTS TO WHERE YOUR INVESTORS HAVE INVESTED THEIR MONEY NOT OTHER PROJECTS, THEY ARE INTERESTED IN WHERE THEIR MONEY IS, NOT OTHER PROJECTS.) I agree, but this other development has been mentioned in this thread, and by people contributing to this thread before. It was the direct comparison given in Tina mis-information and needed addressing in this instance.

(WOW, 75% OF THE LAWYERS HAVE SAID INVEST IN THE PROJECT, MMM. WHO ARE THESE LAWYERS, ARE THEY SEPERATE INDEPENDENT LAWYERS, SEPERATE TO THE DEVELOPER AND AGENT?) Pretty much. A lot of clients seem to be consulting with BSA, but still using there own lawyers to get a second opinion. Blank contracts are always available to anybody wishing to see them.

(WHAT ARE YOU TALKING ABOUT, YOU KEEP FLITTING BETWEEN DEVELOPMENTS, KEEP TO THE DEVELOPMENT THAT YOUR CLIENTS HAS INVESTED IN.) I thought this was a rather good comparison - disappointed that you didn´t like it!

(YOU HAVE IT ABOVE) Don´t think I did

(????) Agricultural land = +/- 4 Euros per m2. Developer actually owns 11.000.000 m2 = +/- 44.000.000 Euros. If every "plot" was subscribed to, 500 X 32.500 Euros (average payment prior to outline planning permission) = 16.250.000 Euros. Even at 1.50 Euros per m2, there´s still enough to repay investors.

(IF YOU HELP YOUR INVESTORS MAKE MONEY, THEY WOULD COME BACK TO YOU, IF YOU DONT MAKE YOUR INVESTORS MONEY, THEY WILL LEAVE YOU AND SAY THAT IT WAS NOT A GOOD EXPERIENCE TO OTHERS.) Applies to all of us.

WHY WOULD SOMEONE TRY TO DISINFORM PEOPLE LIKE THE ABOVE POST? Yes, why was it stuck away in a new thread, rather than added to probably one of the most viewed/read threads in the Spanish property forum?

DONT PEOPLE HAVE BETTER THINGS TO DO. Have you visited the Egypt forum recently?

REGARDS DC. Have a nice day - Andy

[law]

All other duly through counsel and reassuring things ......

[law]

jardin de los reyes:
website is offline and currently undergoing some redesign and updating

[Goldberg Global]

What is happening is all ok? All happy in the Garden of Eden? Kings? Reyes?