Words: Ashley Rigg
Published: 19th November 2009
Trampolin Hills administration update
A number of news sources are reporting this morning on comments made by Antonio Guillen, a lawyer acting for British and Irish purchasers of the Trampolin Hills development in Murcia, which was
forced into bankruptcy earlier this month.
Guillen believes that the task of recouping the investments made by overseas property buyers, who purchased hundreds of off-plan units on the resort, has been complicated by “irregularaties” which suggest sales were made without adequate building and planning permits.
“Trampolin Hills has recently become known for the irregularities in its residential development in the area of Campos del Río, Murcia, especially since it appears that the company started to sell off-plan units without having all the necessary permits in place” says Guillen.
Even more concerning for investors is the suggestion that a bank guarantee was not in place despite it being required under Spanish law. According to Spanish news website Typically Spanish, the developer has just been fined €350,000 by the regional government for not presenting one.
The owners of the Trampolin Hills Golf Resort are named as Antonio Martínez González and Rafael Agiulera Serna. They face fraud charges and have currently been set bail at €30 million, an amount they are appealing.
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User Comments
Good to see the law so active but not so good that its in hindsight. I visited one of their offices in Torrevieja some years ago to ask for sight of planning documents and after a phenomenal struggle was given a copy of a letter from the planners in Murcia saying they would be prepared to give the matter consideration.
Not bad considering the urbanisation had been built and sold.
It was painfully obvious that things were not right and it took only a few minutes to ascertain that this was the case. Lawyers and estate agents selling these properties should be made responsible for the losses suffered by innocent, misled buyers.
For a long time Spain has been conning foreigners with property scams but it woud seem at long last that people have learned, with sales way down.
They do say that what goes around comes around and aint that a fact!!!
John DeVries,
SPC