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Hi All,

I've just had a call from my contact in Spain - who went to Corvera today for me. The latest news is that they have 36 cranes on site, ready to go. They are employing up to 1,000 workers to speed things up. The Commercial Centre, phases 1&2 and the golf course wil be completed at the same time estimated April/May 2009 with the hotel (which will now be around 140 rooms) and the rest completing by the end of 2009, ready in line with the airport.

The best bit of news is that they now HAVE the signatures required to begin !!!!

I will contact the site tomorrow to see when we will get this in writing - as we all know things seem to constantly change.

Hope this is the Good News we have all been waiting for ......

Tracey

Hi Tracey,

Thanks a million for the update, I'll be glued to the forum awaiting further confirmation.

Fingers crossed,

Cheers,

Gina  

Went to Corvera today - they now state 40 cranes up and it looked quite busy for a saturday! Spoke to Paco who showed us some ariel shots just received, they will be put on website over next few days. It certainly looked like things were underway!

Chris

hi Chris

Did Paco say that they had written permission to begin Phase 1 & 2? surely if this had been granted you would have been told. I know things are looking good on the ground but you still need the building licence. No one would want the news to be true more than me, although I would be cautious about such news after all the false starts we have had so far.  I would also  be concerned if they are proceeding to build phase 1 & 2 without the written building licence in place. Tracy's contact was told on Wednesday that permission was already given, surely under the circumstances we would have had written confirmation ( by email initially) of this. I would have thought the email would have been ready to go, and as soon as permission was given, sent. I would be very surprised that after all the waiting we have done, Calidona decide to drag out confirmation, say beyond a week.

 kev

I have just spoken to Sales @ Corvera and they have confirmed that the licences have NOT been issued yet but they are expecting them any day, I think I have heard that before. Photos of the WEST Island progress will be shown in the new year'

Merry christmas Corverians and a Happy New Year.

Thanks for that aawright

Unfortunately it does not come as a surprise, it's clear that we should take any verbal statement about the building licence being granted with a pinch of salt , until we get written confirmation. I suspect it will be 'any day now' for some time.

kev

any blocks laid yet-above ground

did they get the building license?

des

Hi, not sure if you all monitor the Roda forum, but their phase 4 is also being held up due to the new elected council reviewing all building licenses so by the sounds of it we are not alone.

Kev&Lou

I suspect we will be waiting for this licence for some time to come. I feel it would be useful if we put our heads together and consider our options. One thing I feel would be useful is to check the facts as they have been given to us. Has the licence been applied for ?and is the wait genuine?  I've read that developers will often not apply for the licence until they are ready to start as they only have a fixed time to complete (18 months in our case), are Calidona ready to begin?

Are the applications available to public scrutiny? If someone visits the area would they be able to walk in to the Town Hall and find out? Or could it be done through a solicitor (Unfortunately I have found  my 'independent solicitor recommended by my agent has been less than helpful). Surely the town hall would give Calidona a date at which they would examine the licence and make a decision on it. Would it be possible for someone who visits the area to find out the procedure is?

How long are people prepared to wait with out doing anything? I feel almost like we are getting misinformation fed to us, people will be willing to wait indefinitely if the licence will be granted 'any day now', we’ve been getting this or something similar for months now. I think that if Calidona feel were happy to keep waiting, they'll keep us waiting. Should a date be set ( even if its six months time) after which something should be done, even if its a letter expressing our concern at the delay. Hopefully if a date is set, the development will begin before this, and nothing will be needed to be done, but otherwise we'll be prepared to do something about it.

kev

Hi Kev,

I have to agree with you, I would be very surprised if anything happens this side of Christmas. I think a lot of places in Spain close until the 7th of Jan., I think if nothing has happened by the end of Jan we should let our views be known? I still believe it will be a great place, once it is up and running, but I for one would rather be told the truth regardless of what it is, I'm sick of the build up only to hear that nothing will happen yet again. And while I hope it will be any day now, I'm getting a little fed up with that line. 

Gina 

I have been up to Corvera today, the building work is immense, now over 40 cranes and everybody working like mad.

There is evidence of building work above ground, you can see outlines of apartments taking shape above ground, yes above ground!!! over on the far side, as you look out from the sales office on the right hand side in the distance.

I have just heard from a very relable source that the show house is to be revamped and all materials initially used to be complety upgraded.

I have a 1st floor tilo on phase 2 and like everybody, quite anxious to see work seriously underway, well folks, this looks like it, I agree that I think the delays suit the developer, but it looks for real this time.

I was also on phase 3 and 4 of Roda today, trespassing I know, but could´nt help myself, I also heard of the delay on phase 4, I was just parked next to about 6 villas on phase 4 which are well above ground, I think they are just preparing people in case of serious delays, they were working on phase 4 villas today tho, guaranteed and really cracking on, looked bloody lovely over there as well.

I hope this helps.

Hi marvin 3004

you now calidona may have a very crafty game plan going on, if the apartments are above ground then clearly they have the necassary licence in place, it may very well suite themselves to deny having obtained the licence, thus giving them extra time before having to officially contact everyone and thus giving themselves an extension to the 18 months as stated in the contract.

i would think it would be very foolish of them to proceed without firstly receiving the necassary licences, we all know that once we receive the official letter of commencement they have to complete within the 18 month period or we can claim interest from them, something they would not want to happen.

on a brighter note this must be good news for all of us, i think most of us are getting very annoyed at the lack of factual information from calidona.

dave

They will not be able to extend the 18 months beyond the dates on the licence, if this runs out and they have not completed the works, they could well be stopped from continuing the work, they must then have to reapply for a new licence, then we will all be in the s**t,  I would suggest that they will want to complete sooner rather than later and hand over properties more than we want them to.

Remember, they will only have had 30% at most off people, a big chunk of that will have been paid to the agents for commissions, a lot of people will not even have paid their second payments and who could blame them (I have paid both my payments, 30% in total) bottom line is that the developer will have spent millions of euros of their own money to get to completions on phase 1 and 2 and have the golf course completed or near as damb it, please believe me, they will want the other 70% as soon as they can get it.

There is a mad panic at Roda now trying to get as many completions done as possible, they have people at the public notary office all day, every day, just completing on all the late properties on phase 1 and 2 with phase 3 about to kick in after xmas.

I think now that work has started, you will see a massive push to move on, incidentally, the licences have been granted, just not issued yet, absolutely no doubt about them getting them issued, I for one am just glad that the real work has started, it´s all I care about.

Hi Marvin3004

 You state that ' the licences have been granted, just not issued yet' , can I ask where you got your information from and was it in writing. Also could you confirm what this means, does it mean that it has been passed by the council but Calidona have only had verbal confirmation and they are awaiting the written confirmation? If this is the case I would not have thought that there will not be much of a wait.

Surely if the licence has been granted, we would at some point be able to see the written confirmation (through our legal representatives), otherwise how could we tell if they kept to the 18months timescale?  if this is the case, hiding the fact from us now wouldn't make sense.

It may be the case that If the licence has been granted but not issued, Calidona can start the phase1 & 2 construction but do not have to legally inform us until it has been issued, if this is the case it should not take long before it is issued and were informed. Although until I see written confirmation I will remain a sceptic ( I believe with good reason from our recent experiences).

kev

Kev

cc. all other correspondents on the corvera forum

good to read the promising news

but have they got the license?!!!!!!!!!!

when will we see foundations and blocks laid?

what is their game?

why wont they come clean-the forsyth saga would'nt get a look in

des

Hi Kev,

This information is available from your lawyers, that is why we have lawyers to check on planning permissions and building licences, if you feel that you are being kept in the dark, you really should take this up with your lawyer, if you are all like me, you are paying huge sums of money for very little work at this time.

It is the lawyers responsibility to keep you up to speed with everything, it is the developers job to develop the resort, we have bank guarantees for all of our money, the banks issue these guarantees because their lawyers have checked with the town hall to see if all of the paperwork is in order, in Corvera´s case, all paperwork is in order, remember not all builders can provide a bank guarantee, this is because they do not even have outline planning permission in some instances.

My lawyers are Adriana Perez of AP legal services in San Javier, they are obviously Spanish, but english speaking, they are fantastic, but I really do make them earn their money, again I would suggest that you all make your lawyers do some work, I am not recommending these lawyers and I do not work for them, or have any association with them, but I do not write a check in Spain without asking them if it ok to do so,

If Persimmon homes or George Wimpy or Taylor Woodrow, all developers in the UK were delayed or you were not happy with them, you would go to your lawyers, what is the difference here.

The developer does not have a legal responsibility to inform us investors, when or how the buildiong licence works or when it will be issued, the terms of the licence are to satisfy the local authorities that all building work is being carried out legally and responsibly.

Red tape and beaurocracy was invented in Spain, I am led to believe that the Spanish, including the developers are every bit as fed up as we are over all the delays, it is the way things are in Spain, I suspect you all know that.

We are very lucky at Roda and Corvera, I also own property at the Nueva Ribera Beach Club in Los Narejos, Los Alcazares, now that is a bloody disaster, I would be very interested to hear peoples comments about that place, simply to see if there are others as desperately unhappy about it as me.

I am rambling, my advice, go make your lawyers earn their money, I did.

Houlty,

Your agent is way off the mark,, your phase 3 villa will not be ready until at least mid 2009 at the earliest.

Hi all

Marvin says that it is the responsibility of the lawyers to keep us informed and he may well be right, I used the lawyers that my agent MRI recommended and unfortunately the only thing I have found that they are good at is ignoring my correspondence, They only contact me if they want money, certainly not to inform me of any developments in the building licence. So I tend to rely on MRI for my info who appear to be able to get the info out of the lawyers (I have found MRI in general very helpful), and after recently contacting them, they are also saying  that Calidona are awaiting the signatures. This sounds similar to an email from Pablo at  Corvera sent me a month ago (27/11/07) which was as follows: