Olive Press Gibraltar - Issue 178

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Horses to courses, we check out one of Spain’s most exclusive enclaves, see our Sotogrande supplement inside

owned residento T’S the largest privately in Andalucia, home tial development and famous, and a the discreetly rich on the coast of Cadiz. beacon of luxury farmland. was Sixty years ago it Joseph McMickBut, an American-Filipino ing had a vision. Zobel de Ayala and Ayala Married to Mercedes family empire, the Mcpresident of the (the Philipines), luxury Corporation in Manila responsible for a Micking had been Forbes Park. property development,about creating a simNow he was dreaming

then richest man, owned by Spain’s How a seaside farm, country’s most privileged resort, transformed into the the Guaat the mouth of aircluster of farms writes Sorrel Downer the community in ilarly exclusive residential Mediterranean. his cousin Alfredo ‘Fredy’ tickIn 1962, when Air frequent flyer Melian used his SwissMcMicking told him to et for a trip to Spain, for a suitable location. keep his eyes peeledon a motorbike, Melian a Travelling dirt roads estate comprising found a 1,800-hectare

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international diaro, close to Gibraltar’s sucport, El Peñon. been owned by a The farmland had famous – the Duke of cession of rich andfamily and then finanArcos, the Larios Continues overleaf

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OLIVE PRESS GIBRALTAR

The

Scorched Spain

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CAPTION XXX XXX

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BLACKENED earth, smouldering trees, the charred corpses of wild animals barbecued to a crisp. The pungent tang of smoked pine and eucalyptus lingers in the air. Such apocalyptic scenes have been repeated over and over across Spain, from Mijas on the Costa del Sol to the wild forests of Zamora in the northwest of the peninsula, to the hills just outside Madrid. Dozens of wildfires have devoured tens of thousands of hectares and forced thousands to be evacuated from their homes in what promises to make the summer of 2022 the worst wave of fires since records began. An estimated 200,000 hectares of Spanish countryside has already been ravaged accord-

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ing to the latest figures released by the European Forest Fire System, overtaking the carnage of 2012 when some 189,000 hectares were destroyed in what was until now the worst summer on record.

Alert

Even as temperatures drop as the latest heatwave subsides, much of Spain remains on high alert for wildfires, its countryside converted into a dangerous tinderbox. Firefighters on the Canary island of Tener-

The Rock’s ONLY free local paper July 27th - August 9th 2022

ife are currently battling a blaze with a 27km perimeter, flames are encroaching on protected biosphere in Donaña, while in Valencia, smoke stacks are visible from the Costa Blanca as woodland burns in Calles. Two wildfires have scorched the hills above the Costa del Sol in the Mijas area over the last month, with yet another new blaze reported on Tuesday. The tragedy was greatest in Losacio in Zamora where two people died in a blaze that deContinues on Page 5

ESCAPE: Farmer’s dance with death

Spoils of war Millions expected as court orders sale of oligarch’s yacht By George Mathias

The funds from the sale are expected to rake in millions of euros and will be held by the Admiralty Court. Investment bank, JP Morgan Chase was behind the seizure of the Axioma. The banking giant won a court order allowing the Gibraltar port authority to seize the yacht then owned by Russian oligarch Dmitry Pumpyansky. The billionaire steel magnante is one of many Russian oligarchs whose assets have been frozen

by the British government. The six-deck yacht, which boasts an infinity pool, a jacuzzi and a cinema, had been on a three week voyage across the Atlantic when THE SKY sanctions were imposed. DOCTOR It requested ALL AREAS permission to dock in GibralCOVERED tar which was granted with 4G UNLIMITED the ship being

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A 73-metre superyacht seized from a blacklisted Russian billionaire is to be sold at auction. The yacht, named Axioma, will go up for sale without a reserve price on August 23, after being impounded at the end of March following sanctions on Russia. It is thought to be the first confiscated Russian-owned superyacht to be put up for sale since Russia’s invasion of Ukraine. The ship will be sold by the Admiralty Court in Gibraltar under an ‘as is, where is’ private auction held by shipping group Howe Robinson.

AUCTION: Impounded yacht Axioma

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seized shortly after. A Gibraltar government spokesman said: “JPMorgan won the court order allowing port authorities in Gibraltar to seize the yacht and it is acting pursuant to its mortgage rights.”

Extraordinary

The Gibraltar government said that the extraordinary measures were taken in the interests of creditors with claims against the vessel. JP Morgan is understood to have asked the court to auction the boat despite its reservations that Malta and Luxembourg authorities may want to make a claim. Having heard nothing from Malta for several weeks, the bank deSee page 5 & 9 cided to ask

Tel: 952 147 834

YACHTLESS: Pumpyansky

for the vessel to be auctioned. The mega yacht can accommodate up to 12 guests in six cabins and a crew of 20 and underwent a million-euro makeover in 2020 with a 3D cinema room and second jacuzzi added.


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