Tuesday, 8th July 2008, 15:02:57
PARADOR PROPERTIES GOES INTO ‘VOLUNTARY ADMINISTRATION’
Parador Properties, PR
OPP can reveal exclusively that the large overseas property agency Parador Properties has gone into voluntary administration as of this morning.
An official statement sent to the offices of OPP this morning from Quay West Communications, Parador’s PR company, reads: “It is with regret that Parador Properties has announced that, due to the downturn in the overseas property market, it has gone into voluntary administration. This does not affect property purchases by any of its clients, as all contracts were made between the individual client and the builder; Parador Properties acted only as an introductory agent.”
OPP has contacted the offices of Parador and will provide an update to this story as and when it happens.
