SANTO DOMINGO .- Properties of the tourism project Guavaberry Golf
Club, SA, worth at least U.S. $ 16 million, will be auctioned next
December 9 after they were seized by the Republic Bank, financial
institution with which the owners of the project located in San Pedro
de Macoris maintained a debt that could not pay.
The property seized by the Republic Bank to the detriment of
Guavaberry, as well as commercial companies that acted as guarantors
of solidarity Jero Global Real Estate Corp. and Fairway., Will be
auctioned for provision of the House Civil and Commercial Court of
First Instance of the Judicial District of San Pedro de Macoris,
according to a notice published last Thursday in the newspaper El
Nuevo Diario.
He adds that the sale by auction "to the highest bidder and auctioneer
last" is scheduled for 9:00 in the morning at the Palace of Justice in
San Pedro de Macoris. The real estate Guavaberry seized and put to
auction are located in the tourist area of Juan Dolio.
This is at least 98 parcels that were seized upon companies
Guavaberry, Jero and Fairway. Daily List?n Diario made efforts to
contact the local representative of Guavaberry, Jesus Rodriguez
Sandoval, but his assistant informed that is outside the country. "The
entity persiguiente fixed for the first bid U.S. $ 16.6 million or its
equivalent in Dominican pesos, calculated at the rate commercial force
at the time of payment," the communique signed by Dr. Angel Delgado
Malagon, a lawyer for the persiguiente.
The seizure Real estate became effective in August this year, just at
a time when several companies have been limited to its payments of
debts with certain financial institutions because of high interest
rates. The draft property Guavaberry tourism had emerged as one of the
most attractive of the zone of Juan Dolio, on the east coast of the
country.
The assets were seized by the Republic DR, SA, (formerly multiple bank
Republic Bank), an entity capital of Trinidad and Tobago, which
recently withdrew from the country after it sold its main portfolios
to the Bank BHD.
Club, SA, worth at least U.S. $ 16 million, will be auctioned next
December 9 after they were seized by the Republic Bank, financial
institution with which the owners of the project located in San Pedro
de Macoris maintained a debt that could not pay.
The property seized by the Republic Bank to the detriment of
Guavaberry, as well as commercial companies that acted as guarantors
of solidarity Jero Global Real Estate Corp. and Fairway., Will be
auctioned for provision of the House Civil and Commercial Court of
First Instance of the Judicial District of San Pedro de Macoris,
according to a notice published last Thursday in the newspaper El
Nuevo Diario.
He adds that the sale by auction "to the highest bidder and auctioneer
last" is scheduled for 9:00 in the morning at the Palace of Justice in
San Pedro de Macoris. The real estate Guavaberry seized and put to
auction are located in the tourist area of Juan Dolio.
This is at least 98 parcels that were seized upon companies
Guavaberry, Jero and Fairway. Daily List?n Diario made efforts to
contact the local representative of Guavaberry, Jesus Rodriguez
Sandoval, but his assistant informed that is outside the country. "The
entity persiguiente fixed for the first bid U.S. $ 16.6 million or its
equivalent in Dominican pesos, calculated at the rate commercial force
at the time of payment," the communique signed by Dr. Angel Delgado
Malagon, a lawyer for the persiguiente.
The seizure Real estate became effective in August this year, just at
a time when several companies have been limited to its payments of
debts with certain financial institutions because of high interest
rates. The draft property Guavaberry tourism had emerged as one of the
most attractive of the zone of Juan Dolio, on the east coast of the
country.
The assets were seized by the Republic DR, SA, (formerly multiple bank
Republic Bank), an entity capital of Trinidad and Tobago, which
recently withdrew from the country after it sold its main portfolios
to the Bank BHD.
