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PARAMOUNT - Biggest Theme Park in Europe comes to Murcia - IT'S OFFICIAL

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, was said to be key to securing the flagship project. 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 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.

“An investment of this magnitude will inevitably have a positive impact of the depressed property market in Murcia. Said John Hughes of Direct2Spain Ltd. “With the excellent motorway links throughout the region, many developments are starting to receive more interest. In particular the nearby Polaris World Condado de Alhama golf resort being less than 10 minutes away from the park will benefit hugely. Other Polaris World resorts are within 30 minutes drive and with prices starting at just under 70,000 Euros for a 2 bedroom apartment with uninterrupted golf course views, now is the time to buy for the mid-long term investor”.

Source - WorldPropertyChannel