Project update

Ibiza. Cala Vadella

July 08, 2021

Update from the originator:

July report has been added to the documents section.

May 12, 2021

A new document has been added to the documents section.

March 11, 2021

Update from the developer:

Regarding the state of construction of the development, at this time the developer has already started the works of the project, and the developer is already executing the earthworks, together with part of the foundation of the first of the 3 blocks. The execution period will be determined by the regulations of the Sant Josep de Sa Talaia City Council that, although it does not allow constructions in the summer period, last summer, as an exceptional measure, it did allow the works continued during that period. In this sense, the developer estimate that, if the developer can continue working during the summer period, the developer could have the work completed in its entirety in the next 24 months.

The execution of the work is divided into three phases or batches and is studied in detail, with the developer's architects and technicians so that once the promotion has started, the execution is carried out in methodically applying the most modern construction systems. It is the originator's goal to run the project in accordance with BREEAM standards, demonstrating their commitment to sustainability and the environment. Regarding the commercial aspect, the developer is currently having many visits on our website future clients very interested in the promotion, and many of them are waiting to be able to travel to the island from their countries of origin and to be able to know first-hand the property, visit it and be able to make a decision about it. The developer is very optimistic in this regard, and the developer is sure of the success of our promotion, for the quality, design and views of it, and for the limited supply of Similar new construction projects on the island of Ibiza. In fact, since the issuance of debt to date the developer already had a reservation of a home and we are negotiating with two new clients signing two more reservations.

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