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Spain's Camposol Golf Community to Benefit from New Paramount-Branded Theme Park

Spain's Camposol Golf Community to Benefit from New Paramount-Branded Theme Park

Residential News » Residential Real Estate Edition | By Scott Kauffman | July 12, 2011 8:00 AM ET



(MURCIA, SPAIN) -- Construction of the Paramount-branded theme Park in Murcia could begin as early as February 2012, according to the Murcia regional government. Promoters pledge that construction will be fast and may well be completed in 2014 - a year ahead of schedule. This will dovetail nicely with the arrival of the high-speed AVE in Murcia.

Murcian officials are convinced that the Paramount-branded Theme Park green light was given largely on the basis of the brand new Murcia International Airport located within 20 minutes of the site at Corvera. The new airport is scheduled to be completed late this year and open to passengers in spring 2012 following final government approval. Paramount personnel have conducted site visits to witness its swift progress.

"The Airport's initial capacity for three million passengers a year, including many who currently use Alicante, was said to be key to securing the flagship project," said Chris Mercer of Murcia-based agent Mercers. "Murcia International Airport will also become the first airport in Spain to be crossed by a high-speed rail link (AVE) and the third, after Barcelona and Madrid, to have a rail link at all - further opening up domestic and international traffic to the Theme Park. Before long a European spotlight will fall on this area and our property sales are already rising from those keen to cash-in on lucrative rental opportunities of the future."

The president for Murcia's Flagship Projects Jesus Samper, on behalf of the joint venture scheme, believes that an initial investment of 300 million Euros will be enough to complete main infrastructure for the Paramount-branded Theme Park. The remaining facilities such as retail outlets and hotels, that could run an additional 1 billion Euros at build out, can be completed in phases and be part-funded by those private enterprises keen on benefitting from what is set to be the biggest theme park in Europe.

With a definitive master plan in place for September this year outlining usage of the 108 hectares of land, 37 dedicated to the Park itself, project members will then embark on a road show to attract investors in London, New York, Shanghai and the UAE, among others. Investment funds and business groups have already expressed an interest in the project including Russian billionaire and casino operator Oleg Boyko who made a surprise personal visit to Murcia.

One golf course community expected to benefit from this future theme park development is Camposol Golf in nearby Mazarron, literally minutes from the Alhama de Murcia Theme Park.

Camposol Golf has an 18-hole golf course, four-star spa hotel and plenty of shops, restaurants and bars on site. The blue flag beaches and marina of Mazarron are within a 15 minute drive. Prices start at 127,000 Euros or $178,511.




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