Martinsa says that it will complete the properties which have seen payments by clients

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Martinsa says that it will complete the properties which have seen payments by clients
By h.b. - Jul 18, 2008 - 8:18 AM
ALSO SEE : • Spain Business Brief - Thursday September 4 2008 - Sep 4, 2008 - 12:58 PM
• Spain Business Brief - Wednesday September 3 2008 - Sep 3, 2008 - 12:26 PM

Partially completed Martinsa homes in San Mateo de Gallego - Photo EFE
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Martinsa-Fadesa has now also announced to a halt to their building program in Morocco.
Troubled real estate business, Martinsa-Fadesa, which filed for bankruptcy protection last Tuesday, has said that it will complete and hand over the keys for 12,578 properties which are pending and for which families have already made payments.
These properties have an estimated value of 2 billion €.

A statement from the company yesterday said they deeply regretted the current uncertainty, and promised to work intensely to overcome this ‘transitory situation’ in the shortest time possible. The company has also announced a halt to its building activities in Morocco.

A new telephone information line has been established by the company – 900 380 900.

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Comments

Pops
18 Jul 2008, 12:21

"...will complete and hand over the keys for 12,578 properties which are pending and for which families have already made payments." Oh, that's right, of COURSE they will.... My advice to anyone who's paid a deposit? "DON'T HOLD YOUR BREATH."

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