European Real Estate Network Meets in Rome

Members of the European Real Estate Network - EREN, the pan-European network of the leading independent brokerage companies representing Europe's luxury residential property market, recently convened in Rome for the biannual EREN conference. The exchanging of information and observations regarding the residential property market revolved around members' current experiences in successful global marketing.

MERIDIANA Real Estate’s Managing Director Carlos Noguera delivered a presentation, Global Marketing Strategies, which included an analysis of reports from the EREN members regarding their own accomplishments, not only in working within the efficiently-operative trans-European EREN network, but also through worldwide marketing of luxury real estate as the European Real Estate Network extends its global reach, becoming an internationally recognized force within the luxury property sector since joining forces under the EREN banner in September 2004.

Mr. Noguera's summary of information and statistics highlighted the work of the EREN brokerages and the increasing value of their access to global markets via international marketing strategies in order to bring sellers and buyers of luxury real estate together to meet the demands of an interactive world which has created a global marketplace for luxury real estate.

Uncertainty about the completion of the Parador

The project for the future "Parador Nacional" in Ibiza is stalled. This project can not be initiated so far since there are 4 issues to be resolved before construction can go ahead.

First, the project for the tunnel access to the castle from the Soto area is not redacted yet. Second, Paradores has not yet arranged the purchase of the necesary land from the Defense Ministry which has also not been segregated yet by the Town Hall. Finally, it is also pending completion the basic execution project which is needed to start the construction.

The expected 30 month project is not to beguin anytime soon.

Roca Llisa Golf Club to develop a luxury hotel

Golf Ibiza S.A. owner of the Roca Llisa Golf Club in Santa Eulalia, has requested permission to develop a luxury hotel next to its golf course. At this stage, the project has the positive report from the local Town Hall who believes that this project will atract quality tourism and will incentivate winter visits. The project is only pending the positive report from the Consell.

This hotel will have an estimated cost of 14 million euros and there will be around 11.000 m2 build and it is estimated it will take two years to complete. The project has been designed by architect Rafael de la Hoz who in 2004 was awarded the American Achitecture Award from the Chicago Atheneum.

The town of Sant Joan claims that 85% of its territory is protected and the town needs some compensation.

Sant Joan's Mayor, Antoni Marí Marí reminded the Consell, Govern Balear and the central government this week that Sant Joan has the highest ratio of green areas in the island with 85% of its land having some level of protection.
The mayor regrets that citizens of this municipality have to leave for other parts of the island where they are able to build their houses or new bussinesses.
Antoni Marí claims that "an equilibrium must be sought between protection of the land and the rights of the citizens".

Original News

EREN is pleased to announce its first participation to the Luxury, Please Exhibition in Vienna, November 21 - 23, 2008.

Europe is still moving closer together. Even the economic wealth of the Eastern-European population is constantly augmenting. Vienna, already during the Austrian-Habsburg monarchy known for its pompand glory, has always been a significant connection between East and West. For the third time in a row the imperial Hofburg palace in Vienna becomes the international stage for the luxurious moments in life. From the 21st until the 23rd of November 2008 the deluxe exhibition par excellence –LUXURY,please.®–moves into the imperial halls, fights the gloomy November blues and enlightens the city beyond all boundaries. Once the place where Austrian Emperors held audiences, LUXURY,please.® now hosts every year, an exhibition of high-value products and services providing them with the only possible framework for valuables of this kind.

Vienna is also the perfect venue to be introduced with Eastearn-European clients. As the biggest European Network of independant luxury real estate companies we are very pleased to partecipate at this year’s new edition”

Meridiana Real Estate as member of EREN will be present at this event promoting several exclusive properties from Ibiza.

http://www.europeanrealestate.org/