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29 Oct 2008 12:00 AM by davey Star rating in Wigan /La Tercia Mur.... 205 forum posts Send private message

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Thought this maybe of intereste to you all, Report from laverdad.es regarding Obralia constuction company involved with Corvera. 

clic aquí para ver el informe en español (click here for the report in Spanish )

Translation of article

Obralia suspended payments, the construction company owned by the Young Entrepreneur of the Year .The company is implementing five promotions and low trading houses in Murcia, including a 'resort' in Corvera, and two others in Alicante

The economic crisis continues to claim victims in the Region and relentlessness with the building sector. The last, the builder of Murcia Obralia Southeast, whose founder was honored just a few months ago with the Young Entrepreneur of the Year award.

Obralia is a powerful business group dedicated to building, civil engineering and real estate development, and was running major promotions in five homes and premises of the region, including a luxury resort in Corvera, and two other of Alicante.

The construction company, which employs more than a hundred workers, introduced on Monday afternoon contest voluntary creditors-old suspension of payments, which resulted in a string of rumors and concern among several subcontractors to be paid work already completed and which, in turn, showed their fear they might be prone to closure if they do not charge.

The rumors were triggered in the morning, when workers in the early hours were presented in the works of the resort being built in Corvera they found the doors locked. There, a number of small businesses that have outsourced jobs were attended by a spokesman for the promoter of urbanization, which upheld the suspension of payments by Obralia Southeast on Monday, but reassured them by saying that the promoter will be responsible for completing the Construction of the over one thousand houses that Obralia, along with other companies, was rising near the airport.

The paradox is that last April the founder and president of the company Obralia Southeast, Jose Gomez, was honored with the Young Entrepreneur of the Year Award, an award which annually recognizes the work of entrepreneurs under 40.

According to the official statement released yesterday by the builder, which is based in the Leopold and offices in Torre Godoy, in Murcia, the request for voluntary assistance of creditors was filed on Monday in the Mercantile Court at the initiative of its own company "to ensure its viability in the future, before they deteriorate their financial situation by failing to comply with the obligations of immediate payment."

Representatives Obralia assured that the suspension of payments "has been caused by the failure of substantial quantities from major customers and the expectation that this balance will increase substantially in coming dates, coupled with the current financial crisis involving extraordinarily difficult financial institutions in an acceptable solution. "

The company wanted to send a message of calm to the many affected by the suspension of payments, and assured that works for now, "within the framework of stable arrangement with creditors and management supervised by the bankruptcy administrators, ordering the production activity and provide a According to reasonable payment to creditors. "

At the time the company received the award, was working in Murcia, Almeria and Alicante with the execution of important works, such as the business park Parquealamo and promotions mentioned.


This message was last edited by davey on 10/29/2008.


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29 Oct 2008 9:38 PM by kenny Star rating. 76 forum posts Send private message

Try this link as well

http://www.typicallyspanish.com/news/publish/article_18647.shtml

Not really sure who they are in relation to Calidona.

Kenny



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30 Oct 2008 8:35 AM by kenny Star rating. 76 forum posts Send private message

I asked Carmen, our Corvera rep, via email last night what implications this has on the site, if any. 
She responded by phone this morning to re-assure my concerns, stating that this company are one (of many) of the Contractors on site and that they were expecting this (the bankrupcy) to happen.  She stated that the workers are still on site but not being paid by Obralia.  I assume that they are now being paid by someone else, although she didn't elaborate.  She also stated that it doesn't affect our part of the site (although not sure which part is affected).
She finished by stating that the Magnolia villas will be ready for handover in Dec 09 and other parts will start April/May 2009 and that we will shortly be receiving monthly contacts from Corvera up to the handover date.

Very surprised to get the phone call and so quickly.

Kenny


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30 Oct 2008 4:39 PM by Anita Star rating in Surrey / Corvera Gol.... 500 forum posts Send private message

Hi all, I'm not sure if you are aware of the Murcia Golf website where purchasers also post information in relation to Corvera Golf & Country Club.  It also has its own dedicated forum.   Rob Watchorn from Clear Water Properties is always very helpful on the different development forums.  He has posted today regarding this subject.  Having had a meeting at the main offices at Corvera today he has posted some very useful information.  Take a look.

http://www.murcia-golf.co.uk/forum/index.php?topic=885.0

Hope this helps.

Anita.




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30 Oct 2008 5:54 PM by kev2 Star rating in Swansea. 201 forum posts Send private message

Thanks for drawing our attention to that Anita - Rob says that there are four main contractors at the site, Obralia being one. They each have approximately 25% of the contract and if Obralia defaultfor some reason,  the others will take up the slack, this is reassuring. What I don't understand is why we always have to get this second hand, why can Calidona not be proactive and let us know in advance, so that the rumour mill as Rob puts it, has no chance of going into overdrive, or is asking for the occasional informative email asking too much?


kev


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30 Oct 2008 6:36 PM by sandrab Star rating in Bournemouth & La Ter.... 528 forum posts Send private message

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Hi kev

That other forum is always a good source of reliable information - I believe they try and research and get first hand information before posting and succeed most of the time.

Best

Sandra


_______________________

Luxury holidays in Murcia spain at 

www.rodagolfinspain.com 

 

 



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30 Oct 2008 8:16 PM by SteveandJane Star rating in Somerset and Corvera.... 481 forum posts Send private message

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I think that Calidona are the worlds finest exponent in the term "No News is Good News"!

So much good news from them!

Builders go bust all the time but as long as the developers are O.K. then so are we. Hopefully ALL the builders in Corvera will be working to the same standards. Just check quality etc. when it comes to completion.



_______________________

 Steve (Lifestyler)



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31 Oct 2008 10:29 AM by difi Star rating in Roda Golf . 146 forum posts Send private message

Hi
We also had a phone call from Carmen in response to an email to her on this issue and she very much confirmed the information provided by Rob in the link posted by Anita, and that posted here by Kenny - ie. 4 developers in all, golf course and clubhouse due for completion December 2009 together with other sports facilities.  Hotel and commercial centre will definitely be built but no date available as yet.


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Previous Threads

Mortgages - 11 posts
Rental yields - points from a potential long-term IV - 19 posts
Corvera Loyalty Forms - 5 posts
Just got back from Corvera - 32 posts
Developers mortgage - 1 posts
Lifestyle V Investment (LS) - 15 posts
CORVERA PGA - 11 posts
Just joined your site - 0 posts
The overall Corvera situation - 9 posts
New Pictures on Corvera Website - 3 posts
Liability and walking away - 81 posts
Lets work together - 3 posts
look on the bright side - 10 posts
Some good news? The exchange rate!! - 5 posts
A plea for a copy of original advertising literature! - 6 posts
Update 1st Oct - 3 posts
good contact numbers - 1 posts
thinking of walking away from it....things are going to get worse - 40 posts
Recent visit and further delays forecast - 14 posts
Property Inspection services for Corvera Golf and Country Club - 3 posts
Corvera general - 5 posts
Air-con at Corvera - 2 posts
Palmera Properties - 0 posts
World Cup Fever!! - 41 posts
Spain Holiday Rentals - 20 posts

8 posts were found:


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