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News

PARAMOUNT THEME PARK GETS CLOSER

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By Mark Nolan / 2012-03-11 18:18:33

Paramount Theme Park

The South of Spain is starting to judder with excitement again this week, after it was announced that the builder behind the Paramount Theme Park Project, Premursa, has now signed and purchased a 1,031,077 square metre plot of land, at a cost of 10.3 million euro, marking the biggest step on the road to making the dream a reality.

The signing of the contract had been postponed since February, following a “minor technicality” in the contract terms.

Discussions are now taking place with a number of high profile investors, including some from Singapore, the Arab States and America, as well as a number of banks and other businesses. The company has always maintained that it could not carry the financial burden of such a huge project alone, but the president of the company, Jesús Samper, said that the purchase of the land is “a milestone”, and that it is clear that they would have to look “outside of Spain” for investment.

Samper continued to explain that the next stage is for the building work to start. It is intended that the first stone will be laid “in late May”, as the land than starts to be cleared ready for the major construction work to go ahead.

The schedule for the park now sees 2015 as the date for the opening of this, the first Paramount Park in Europe, as well as the first section of the lifestyle centre.

Recruitment will start towards late 2013 for the senior management of the facilities, then into 2014 for the staff who will be operating at the facilities on a daily basis, with a priority being given to the residents of Murcia and Alhama. Recruitment is likely to start via the internet, as well as a purpose built office on the site, as interest is expected to be huge.

The price of property in the area is expected to start to creep up once the first stone is put in place, meaning that there is just a short window of time left to snap up a bargain in what will become one of the biggest and most attractive tourism and investment areas in the whole of Spain.

 



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