Thursday, June 25, 2015

New mayor of Madrid imposes conditions on Chinese construction – El Universal (Venezuela)

Madrid .- The new mayor of Madrid, headed by former judge movement emerged “outraged”, envisages new conditions for large real estate projects city, including the Chinese billionaire Wang Jianlin, who expressed his “concern”, he said Thursday a municipal responsibility.

Owners of large property group Wanda and entertainment Wang already has two projects in the Spanish capital and, after the arrival of the new municipal government of the left, “We phone transmits its concern for their investment,” he said at a press conference the Socialist councilor Antonio Miguel Carmona , reported AFP.

The Spanish Socialist Workers Party (PSOE) supported, after the elections of May 24, the inauguration of the exjuez 71 Manuela Carmena, of the Civic Platform Now Madrid, supported by left-wing parties as illiberal We can.

As a result of this concern and request for Wanda, Carmona met Thursday with a senior executive of the Chinese group, Michael Qiao.

” We decided to try to save the large investment of Wanda in Madrid but getting the benefit as a condition for both locals and not public spending that will not cost a euro to the town hall, “said the councilman.

In June 2014, Wang bought for 265 million euros (297 million dollars currently) a historic skyscraper in the Plaza of Spain, who plans to become a luxury hotel and a shopping center. However Carmena want to submit this project, like several other approved by the previous Conservative government, for analysis.

“This is a landmark building for the city,” said Carmona. Therefore “we open to public debate, ie which are the citizens of Madrid”, together with NGOs, who analyze their suitability, “a participatory manner, not only by experts.”

For now, the new municipal team created a commission, composed of three councilors and three representatives of Wanda, to discuss “technical issues”.

Wang who in late March also it bought the 20% stake of the football club Atletico Madrid for 44.98 million euros, also plans to build a water park in the Madrid neighborhood of La Latina.

And, as he conveyed to Carmona, studying a third real estate project that is not said.

“We have conveyed their intention that, if things can be done correctly, would make a great project for Madrid, has It encryption as ten times higher than the operation of Plaza de Spain, “he said.

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