German property developer Matthias Kühn in Mallorca.
German property developer Matthias Kühn in Mallorca.
Court is blocking 96 million euros compensation payment to property developer Matthias Kühn
The Balearic government has paid compensation owed to the property developer, but the high court is holding on to the money.
Drugs, debts and dress - Mallorca news round-up
Some of the stories that made the headlines over the past week.
Matthias Kühn and his wife Norma Duval
Matthias Kühn with his wife Norma Duval.
Matthias Kühn under investigation for Tax Agency debt
The potential debt is in excess of eleven million euros.
The abandonment of the Soller land that Matthias Kühn bought
Property developer Matthias Kühn acquired Muleta II in 1999.
96 million euros compensation for land in Soller now worth 160,000 euros
Muleta II in Soller was originally classified for development in 1968.
400 million euros - Compensation for blocked developments in the Balearics
The demands stem from a 2008 law of urgent measures for sustainable territorial development.
Amount of compensation owed to property developer Matthias Kühn is "a disgrace"
Political parties are blaming each other for the compensation ruling by the Supreme Court.
The La Muleta II plot in Soller.
The La Muleta II plot in Soller.
Balearic government to pay almost 100 million euros to German property tycoon Matthias Kühn
The Balearic government has a period of two months to pay 63.5 million euros as the main claim plus another thirty million euros in interest since the lawsuit was filed.
The exclusive pictures of the wedding in Hola,
The exclusive pictures of the wedding in Hola,
Matthias Kühn on the terrace of his house in Mallorca
Matthias Kühn on the terrace of his house in Mallorca.
Employment
Matthias Kühn denounced by union over Pueblo Español jobs
Matthias Kühn wants to convert the Pueblo Español into luxury residential accommodation.
- Britons cash in on the outgoing Golden Visa in Spain to beat the 90 day rule
- After a holiday in Mallorca Richard Gere moves to Spain
- Laura Hamilton: “I’ve always loved Mallorca, I just wished I’d bought here earlier...”
- Russian-owned Black Pearl in Mallorca
- Noel Gallagher sold his Ibiza home because of his neighbour - James Blunt
Comment
The Kühn case is a boomerang
Socialists and Conservatives have simply not been able to find a viable consensus here in recent decades to create a legal basis that all parties involved can rely on.
Patrick Czelinski15/03/2024 10:41