Paramount Consider Building A Giant Theme Park In Murcia

March 14, 2010 - PRLog -- The multi-national has chosen the region of Murcia to prepare their arrival in Europe with the construction of the largest theme park and entertainment in Spain, to compete with Disneyland Paris. The project has the added value a film studio that will centralize all production in Europe of this giant of the film industry, said the Minister of Culture Murcia - Pedro Alberto Cruz - who just returned from Dubai with a letter from the executive vice president of licensing division of Paramount, Michael Bartok, showing his interest in launching this project once it has proven the economic viability. This will be released in April.

Cruz said that the region of Murcia would become the entertainment centre of Spain with a complex of 2.5 square kilometers (equivalent to two thousand five hundred football fields) to create 20,000 jobs and increase the number of tourists by three million. The project will require 15,000 hotel rooms and the amount of investment is known when formulating the master plan.

Murcian President Ramón Luis Valcárcel has been directly involved in talks in Dubai on Thursday with the Chief Executive of Ruwaad Holdings who told them they have the blessing of Paramount to begin to negotiate and undertake the feasibility studies. According to the counselor, it is multiinational itself who have favored the Murcia region and took the first step.

Ruwaad Executives and technical staff will travel to Murcia to carry out the feasibility study. They will then begin to attract investment, starting with local entrepreneurs. Paramount Pictures will build and manage the park and movie studios, said the adviser. The government give the necessary land in Murcia for the site, which is to be decided. The regional executive will pay royalties and an annual fee similar to that granted by the Community of Madrid for the Warner Park.

This theme park and movie studios will be measured against Disneyland Paris, and not the other resorts already operating in Spain.

The mild climate in the Region of Murcia with 300 days of sunshine a year, its location in central Mediterranean Arc and the new international airport, along with the AVE line, are the factors that have influenced the decision.
Paramount Pictures is one of the major multi-nationals in the entertainment and film industry, along with Disney, Warner and Fox. According to Pedro Alberto Cruz, the U.S. multi-national wants to progress quickly and has set a month's time to evaluate all possibilities.

This news has created a surge of interest from local businesses and banks. The latest news is that the banks which own the land at Condado de Alhama, formerly owned by Polaris World, have offered this land to Paramount as a suitable place to build the theme park.

If this were to go ahead properties at Condado de Alhama would attract very good rentals and as such this could be a good time to buy a property here. Prices are very low - starting fromm just €86,000 for a two bedroom apartment. The leading Murcia sales agent Murcia Golf Properties can offer 90% and 100% mortgages on a number of properties at Condado de Alhama so those considering a long term investment may do well to look at these offers. Contact Murcia Golf Properties at www.murciagolfproperties.co.uk for more information.

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Murcia Golf Properties are the leading specialist real estate agent selling property on the golf resorts of Murcia. The company has the largest portfolio of properties of any agent and can offer exclusive bank and developer deals, including high loan-to-value mortgages and discounted prices.
The company has two villas on the Polaris World resorts which it offers fo it's clients to stay in while visiting Murcia to view properties. Murcia Golf Properties also offers the most comprehensive after-sales service of any agent FREE of charge to any MGP buyer.