I know a number of my readers have put down payments on this project. It was not long ago that it was announced that the project was again underway after being stalled for several years. The photo below is accurate to where it currently stands, a hole in the ground in a prime location in Punta Pacifica next to the mall. Now the courts in Spain look like they may force bankruptcy.Problems Mall Group
The Barceló tourism firm marketer claims to the Spanish promoter a debt of more than $ 3 million.
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A court in Madrid, Spain, declared that the company Inmoptions, the trading of Grupo Mall in need of creditors contest, which was previously known in Spain as default.
According to business daily takes five days, the contest was requested by Barcelo, a tour group Inmoptions claiming more than $ 3 million.
The company that developed The Lighthouses of Panama announced in a statement it had lodged an appeal against the declaration of bankruptcy, adding that "Inmoptions SA will offer security for the payment to creditors, including Barceló Business SA, with there is disagreement in the figure, which has motivated its application for bankruptcy, as recorded by the newspaper.
Representatives of the company in Panama refused to comment on the reports.
According to its website, Inmoptions has offices in Spain with offices in Great Britain, Ireland, Denmark, Germany, Italy, Mexico, Panama, Argentina, United States, Canada and Russia.
In those markets where it sells its projects is mainly found among Los Faros de Panama.
According to press clippings can still be found on its website, the developer sought to complete the project in late 2009.
Now we are past the first half of 2010, the project has just completed the foundation and the work has not been any progress for over a year. Mall Group announced in February that it was bidding for the construction of the central tower, where in addition to the residential part would develop a chain hotel run by the Dubai-Jumeirah.
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