Re: Re: Press articles about the Spanish property situation

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Fuengi (Andrew)
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found this bit strange in the propertywire article http://www.propertywire.com/news/europe/spain-paramount-park-property-201201055950.html

The land in question is in Alhama de Murcia and extends to just over 1.8 million square meters of which 774,777 square meters will become the theme park and just over 1.03 million square meters become a lifestyle centre with seven hotels, restaurants, bars, nightclubs and a business district with modern office space, an auditorium and convention centre.

As the land already has plans in place for residential development, planning paperwork should be swift to meet the strict timescales of the Paramount Licensing agreement.

converting land from residential use to commercial use is not a quick and simple process. unless i’m missreading the article