SOURCE: Premursa


December 21, 2011 06:00 ET

PREMURSA Exercise Its Option to Purchase the Lots of the Future Paramount Park and LifeStyle Center in Alhama de Murcia for 15.8 Million Euros

It Is Anticipated That on February 6, 2012, the Public Deeds Will Be Granted and Payment Will Be Made by Proyectos Emblemáticos Murcianos (PREMURSA)

The Lot, Situated in Alhama de Murcia (Murcia) Has a Total Area of 1,812,926.83 m(2); of Which 774,777.83 m(2) Will Be for Paramount Park and 1,038,149 m(2) for the LifeStyle Center

MADRID, SPAIN--(Marketwire - Dec 21, 2011) - Last Friday December 16th, Proyectos Emblemáticos Murcianos (PREMURSA) exercised its option to purchase the lots of the future Paramount Park and LifeStyle Center located in Alhama de Murcia for 15,812,851 EUR .

PREMURSA, the company promoting this project, will make this payment on February 6, 2012, at which time they will be granted the public deeds to the lots.

This action is a step forwards in the project, which includes the Paramount Theme Park in Europe and the LifeStyle Center, A large cultural, business, and entertainment complex, located in an area privileged by its geographical, historical, and climatic characteristics.

The lot, located in Alhama de Murcia, has a total area of 1,812,926.83 m²; of which 774,777.83 m² will be for the Paramount Park and 1,038,149 m² for the LifeStyle Center.

Jesús Samper, President and CEO of PREMURSA, has stressed "the importance of exercising the option to purchase these lots", which implies "a considerable step toward the project's execution".

The Paramount Park and LifeStyle Center, officially presented on October 4th in Madrid, will require a total estimated investment of over 1 billion Euros and will create an international tourist destination, which is expected to be visited by over 3 million visitors annually, both national and international.

Thus, the Paramount Park will become a singular destination in Europe, which will feature the latest attractions, for all ages, distributed over 4 thematic areas; as well as 2 themed hotels.

For its part, the LifeStyle Center aims to become the business, culture, and entertainment hub of the area throughout the entire year, thanks to its 7 hotels and its entertainment district which will include a Street Mall, restaurants, bars, night clubs, casino, etc.; as well as a business district which includes cutting-edge office designs, a convention center and an auditorium.

The opening of the Paramount Park, as well as the first phase of the LifeStyle Center is planned for April 2015.


The Paramount Park and LifeStyle Center are promoted by Proyectos Emblemáticos Murcianos S.A. (PREMURSA), consisting of Santa Mónica Financial Services S.L., Región de Murcia Turística S.A. (REMUTURSA), and the Instituto de Fomento de la Región de Murcia (INFO). This corporation has been granted the license from Paramount Licensing Inc. for constructing and operating theme park exclusively in Spain for an extendable period of 30 years.

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