Olive Press Gibraltar Newspaper Issue 10

Page 1

Property olive press

the

www.theolivepress.es

ORTEGAAVILÉS

January 20th - February

6th 2016

Buying or selling property

Mega-fusion Don’t let the banks cash

EXCLUSIVE: Peter Hain buys stunning Estepona villa

PAGE 15

Spain’s property comeback continues as 240m mega-fusion sees Zagaleta buy the Valderrama group, writes Iona Napier

I www.ortegaaviles.com PAGE 16

Who bagged top prize at the World Travel Awards?

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Buying or selling property

Who bagged top prize at the World Travel Awards?

T is set to become one of the most exclusive golf development projects in Europe. The purchase of emblematic Valderrama golf course by Marbella development company Zagaleta is the fusing of two prestigious Spanish giants. A new megaproject, taking ares of rolling virgin hillside,in 200 hectnear the famous golf course, is the perfect sign that the Spanish property market is truly flourishing again. A very Zagaleta, just outside Marbella, interestis Spain’s most luxurious residential development, ing fusion counting Hugh Grant and the mayor of of two Moscow among its residents, togrande-based Valderrama while Sofamous hosted the 1997 Ryder Cup as well brands. as the now defunct Volvo Masters. Developers Zagaleta Limited, based in London, have purchased group, including the golf the Valderrama course, as well as the new land in neighbouring Castellar municipality. In an exciting deal, said million, Zagaleta has to be worth €40 It is landlord of Valderrama become the new Golf Club, until at surely least 2050. win win Alongside the deal, Zagaleta is to invest a further €200 million for the creating a new complex - dubbed Valderamma coast. 2 - with a second championship course, hotel and high-end housing. Local agent Ben Bateman, of Holmes itself, Sotogrande described the deal as ‘a very area.” it’s very exciting news for the whole interesting fusion of two famous brands.’ Fellow agent Adam Neale The agent, who has known for some time and even about the sale ridiana added: “It is surely of Terra Meshown potential coast. win win for the clients around the course, added: “The “You quality of Zagaleta is integral here, and work are going to get a whole new netgiven the new ownership of high-end clients looking of Sotogrande Security there.” is set to be a major factor in the

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MARKET BY NUMBERS: Don’t miss our first property pull-out of the year Visit our showroom and see our seasonal offers celebrating a healthy market both here and across the border. From Page 13

development, while quality tion will also be paramount. of construcAt Zagaleta, in Benahavis, near Marbella, homes currently start from around €3 million.

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olive press Vol. 1 Issue 10

www.gibraltarolivepress.com

January 20th - February 6th 2016

FREE

Blockhead! By Tom Powell

World Trade Center erects its final storey

Contact our Marbella

Avda De Manolete, Centro Plaza Local 12-13, Nueva Andalucia, 29660, Marbella, Malaga

Don’t let the banks cash

THE QUEST FOR A NEW CALPE HOUSE - PAGES 6-7

Top-quality brands join forces

Seven

and even President Putin The project will unfold of Russia. cade, and La Zagaletaover the next degroup has expressed its willingness to collaborate with the Real Club Valderrama, privacy and exclusivity thatto preserve the the brand has built up over many years to become a European landmark.

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Spanish property market’s monthly growth in 2015

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AN artificial reef helping to regenerate vital fish stocks in the Bay of Gibraltar could be forcibly removed by Spain. The line of concrete blocks which aims to stop Spanish fishermen from trawling the area, has been raised in Parliament in Madrid. In his first act as a newly-elected MP, Algeciras mayor Jose Ignacio Landaluce demanded the removal of Gibraltar’s artificial reef, which he insists is located in Spanish waters. The 56-year-old insisted it was harming the local fishing industry, despite the area now ‘exploding with life’ in particular with a huge growth of tuna, bream, octopus and triggerfish. In his first demand since becoming an MP for Cadiz with 172,475 votes, Landaluce insisted he would fight to protect the local fishing fleet. “The colony (Gibraltar) should remove the blocks it threw into waters belonging to Spain,” he reiterated. The 70 concrete blocks dropped in British Gibraltar Territorial Waters in 2013 caused furious protests from Spanish fishermen who claimed the artificial reef was damaging fishing. It led to right-wing group

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Algeciras mayor demands removal of Rock’s environmentally-popular concrete reef as Spanish fisherman is charged with theft of a block

NIGHT-MAYOR: Landaluce uses MP platform to reignite reef row and (right) Guardia Civil divers inspect concrete blocks after they were installed in 2013 ‘Fundación para la Defensa de la Nación Española’ stealing a concrete block from the reef in June 2014. And now, the former head of a La Linea fishing guild has been charged over his involvement in the theft. Boat owner Leoncio Fernandez, 70, appeared at New Mole House last week following his arrest in October, despite initially claiming he would not bother turning up.

“I do not know anything about that block,” he insisted, before contradicting himself and saying: “It is true that I was there, but my boat was not used.” Fernandez’s bail was set at €3,300 and he will attend a hearing in April. Gibraltar’s environment department meanwhile insisted its decision to block the area had been vindicated and that the reef was ‘exploding with

life’ in particular with octopuses and triggerfish. The move was part of the UK’s attempt to help bolster fish stocks globally. Landaluce has long been unpopular in Gibraltar because of his repeated comments in the media concerning disputed waters in the Bay of Gibraltar, which he calls the ‘Bay of Algeciras’.

Opinion Page 6

Corner set to fly in THE boyfriend of missing expat Lisa Brown (both above) will return to Spain to be questioned by police. Liverpudlian Simon Corner will fly into Malaga this week to ‘clear his name’, according to his legal representative. Corner - aka Dean Woods - sparked suspicion after fleeing Spain days after Lisa’s disappearance in November. Police have appealed for Corner, 33, to return to Spain to face ‘unanswered questions’ ever since. Olive Press sources have claimed he is either in Thailand or Portugal and that he is being sought by a number of local criminal gangs.

Jailed

The Liverpudlian - who was jailed for three months in Gibraltar for possession of a weapon last year - is now set to meet Guardia Civil officers in Algeciras this week. His legal contact Jason Coghlan, of JaCogLaw, is coordinating the meeting. “There has been a relentless campaign against our client ever since Lisa Brown broke contact with her friends and family and was declared a missing person,” said Coghlan, who studied the law while serving a 12-year sentence for armed robbery in Alhaurin prison. “Simon assures me he is totally innocent of any wrongdoing and to date there is no evidence that anything untoward has taken place.” A Find Lisa Facebook group, run by her sister Helen Jordan, has raised over £6,000.


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