Tierra Del Sol moves forward PDF Print E-mail
Monday, 28 October 2013 15:45
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Tierra del Sol Real Estate N.V. and Tierra del Sol Golf Course N.V. have today been granted Surseance van betaling (Suspension of Certain Creditor Obligations). As has been widely reported, Tierra del Sol has had a long history of difficult challenges, including two auctions, since commencing operations in 1995.

Even though Surseance van Betaling is not the easiest path to take, this court controlled process has been chosen as the best approach to enable TDS to continue its current operations while enabling the prospective new owners, FMV Holding Company, N.V. to execute the turnaround plan. Furthermore, it is expected that this approach will yield the best results for homeowners, employees, service providers, visitors, and other interested parties.

FMV Holding Company N.V. is comprised of seasoned business people and investors with local and international experience in real estate services, asset repositioning, operations, customer & staff experience, and finance.
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