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LEY 57/68

The Shocking Truth

The Banks &
Savings Banks


Bank Guarantees
in Spain


LEY 57/68
English & Spanish


Explanation of
LEY 57/68

OUR MISSION
TO RECOVER OUR OFF-PLAN DEPOSITS
PAID IN GOOD FAITH TO CLEYTON GES SL
& CAJA DE AHORROS DEL MEDITERRANEO

Email:  fpag@btinternet.com

LAS HIGUERICAS, FINCA PARCS - THE PROJECT

Las Higuericas, Finca Parcs was a project promoted by the developer, Cleyton GES SL.

The funding bank was Caja de Ahorros del Mediterraneo (CAM Bank) and the construction
company was Dragados.

The site is close to the small village of Agramon which is around 20km from Hellin.

Due to its location inland - around 45 minutes from Murcia - Finca Parcs was promoted
by Cleyton GES SL as 'The Real Spain'.

The 'Real Truth' is that Cleyton GES SL and CAM Bank failed to issue the legally required
Bank Guarantees to every purchaser.

There were 617 plots split over 5 phases.  Phase 1 has around 36 virtually completed
houses and another 69 in various stages of build.  No purchaser completed their
purchase as Hellin Town Hall refused to issue any Licences of First Occupation.

Phase 2 has houses in various stages of completion.

Building Licences (Licencia de Obra) were issued for Phases 1 & 2.

Some construction did take place on Phase 3, despite the fact that Building Licences
were never issued for Phases 3, 4 and 5.

The project was sold off-plan prior to any building licences being issued.

The project now sits abandoned and is guarded by a lone security guard.

The project suffered many problems including many early deposits being lost to the
now liquidated Sales Agent, Aramis Investments UK Limited, opposition from the
Green Party and Ecologists as well as a tediously slow build schedule.
 
Despite the first reservation deposits being taken in 2004, 5 years later in 2009 when the project was
abandoned only 36 of the 617 houses were completed, although as
mentioned above not even these have been issued with the Licence of First Occupation.

Below is Page 5 of the Finca Parcs Brochure - A letter to prospective purchasers
from Antonio Hernandez Gomis - "The Leader Of An Excellent Spanish-British Team"



Email:
fpag@btinternet.com

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