February 15, 2008 at 1:55 pm #53649
MAJOR Costa development company Vanguard Investment has pulled the plug on its building projects currently underway throughout the Valencia Region.
The alarm was raised this week when hundreds of families that have purchased properties off-plan in Olocau, near Valencia found that all contact with Vanguard Investment had been terminated.
Apart from the Pedralbilla urbanisation, Vanguard Investment has others underway in Alicante, Murcia and Guardamar where to date no work has actually taken place but the developments have been on sale.
On the company’s website, where the name of José Manuel Pombo appears, there are a number of promotional adverts forthcoming developments in Villajoyosa, Alcalalí, Parcent, San Juan, Abanilla and Jumilla.
Following a media circus on Tuesday, Sr Pombo came out of hiding and admitted to press that he had stopped work on several projects, blaming the problem on a lack of money due to the real estate crisis.
“It’s not as if we’ve killed anyone,” Sr Pombo said in his defence. “We’ve had to stop work on some projects temporarily due to financial problems because of the crisis in the sector, but in Olocau there are people working and the villas will be finished in a month or so.”
Sr Pombo did admit that building in Alicante province has stopped but he assured work would begin again as soon as all the houses in Olocau are finished and sold.
Quite a quote this;
“It’s not as if we’ve killed anyone,” Sr Pombo said in his defence. “We’ve had to stop work on some projects temporarily due to financial problems because of the crisis in the sector.”
No Sr Pombo just possibly financially ruined many people who deserve better. I wonder what your definition of “Temporarily” is.
February 15, 2008 at 2:22 pm #78774
Profile of a sociapath.
Not concerned about wrecking others’ lives and dreams. Oblivious or indifferent to the devastation they cause. Does not accept blame themselves, but blames others, even for acts they obviously committed.
They never recognize the rights of others and see their self-serving behaviors as permissible. They see their ‘victim’ as merely an instrument to be used.
Feels entitled to certain things as “their right.”
Does not see others around them as people, but only as targets and opportunities. Instead of friends, they have victims and accomplices who end up as victims. The end always justifies the means and they let nothing stand in their way.
Unable to empathize with the pain of their victims, having only contempt for others’ feelings of distress and readily taking advantage of them.
February 18, 2008 at 2:27 pm #78858
At last someone in the European Union may be doing something about the land grab laws of the Valencian government.
Acording to local Alicante newspaper “Informacion” yesterday an Austrian MEP is taking up the case of an Austrian couple who own a property in Orihuela Costa in particular and several others in general.
Herbert Bosch a member of the European parliaments budgetary control committee is especially interested in the case of the Wesenaur family who were asked to pay 44.000 euros towards the costs of the infrastructure for a new development and at the same time lose half of their plot.
Apparently a letter was sent by the Austrian Embassy to Orihuela Town Hall in November 2007 stating that “the legal rights as property owners of all citizens of all European countries should be respected”
The reply from the mayor is priceless , HE MAINTAINED THAT THE REGIONAL LAW HAD BEEN MET AND THAT THE WESENAUERS WERE TRYING TO ¨AVOID¨THEIR URBANISATION COSTS AND EXPROPRIATION.
These mayors live in another planet The brother of a local councillor is the developer of the urbanisation and the company responsible for its infrastructure is under investigation by the anti corruption prosecutor. The sewerage infrastructure is being financed by Europe.
Pity some British MEP´S do not follow Herr Bosch´s example.
February 18, 2008 at 3:59 pm #78859
British MEP’s are on a gravey train. Its their lack of action has given the EU a negative in the minds of the British
February 18, 2008 at 5:37 pm #78862
MEP Michael Cashman did a superb job last year, undertaking three fact-finding missions to not only Valencia but also Andalucia and Madrid. The end result was The European Parliament expressing its severe condemnation of the Land Grab law and it’s practices.
Under EU pressure, all the Spanish did was to make a token revision of the law which did nothing to address the practice.
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