Project update

Nerja

June 24, 2021

Update from the originator:

A new document has been added to the document section.

 


March 31, 2021

Update from the developer:

The developer informs you that once the financing of € 800,000 was completed, on March 25, the appropriate documents were formalized before a notary public. On the other hand, the developer informs you of the current situation of the housing development and the next steps to take:

1. COMMERCIAL - Contracts have been renewed with all customers who initially purchased a home in this promotion, remembering a new delivery date according to the calendar planned, and a new form of payment to finance the works, was done successfully with 100% of the customers.

2. WORK LICENSE / WORK START-UP AND SCHEDULE FORECAST - It must be reported that the work license obtained is fully valid upon completion of the terms "PERIOD FOR EXECUTION OF THE WORK: ONE YEAR FOR STARTING AND THREE FOR COMPLETION (Art. 22.1 RDUA)" The supplies of work have been managed to be able to restart the work, which will be available in a few days, and the developer plans to restart the work in the week of April 5-10. The forecast for the execution of the work is estimated in just 12 months.

3.DATE OF FORMALIZATION OF THE LOAN AND BEGINNING OF INTEREST EARNINGS - On March 23, 2021, the loan was formalized, and therefore the accrual of interest. As the developer pointed out previously, dated March 25, proceeded to the cancellation of the mortgage on the site and it is estimated that the registration of the registration cancellation of the mortgage can be formalized in the week from 12 to April 16, 2021. As soon as it is registered the developer will provide a simple note.


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