Please find below the information I have received from my solicitor re: Gerens regarding Arenal Golf:
ARENAL GOLF PHASE 3
Although this phase is completed, the electric installations are still not finished. The apartments have electric supply from the developer, which is why the developer prefers not to complete on any of the properties as they wish to do things right. But as there are a lot of clients that wish to go ahead, they will complete only on one condition: on the day of completion the client will need to sign a document with the developer in which the developer states that they will not be hold responsible for any possible damages that may be caused to the electrical appliances in the apartments due to any possible overload in the electric system, although they recommend not to complete until the electric installations have been completed.
CANCELLATIONS
The developer has agreed to cancel on those who wish to do so. As well as receiving the monies paid to date, they have agreed to pay the legal interests, but not the 10% compensation.
ARENAL GOLF PHASE 4
The building works in this phase haven’t been renewed yet, which is why the blocks that are completed (blocks 1, 2 and 3) cannot be visited.
The developer is expecting that the new construction company will commence the building works in August, although this is not for sure. The developer will keep us updated if there is any further news.
Michelle