This is one of the reasons I invested 3 years ago19 Aug 2019 13:18
Mediapolis srl (84.04%): owns the land in north-west Italy designated for the purpose of a theme park, with additional guest facilities, shops and offices, as well as 10 holiday villas in the Porto Cervo area, the most exclusive holiday location in Sardinia. The Company continues to pursue its EUR 39.65 million claim against the regional government of Piedmont for failing to honour a commitment to approve the construction of the park.
As the result of a detailed professional valuation, completed in June 2016 the gross carrying value of the development land in the Clear Leisure accounts has been adjusted to EUR 13 million and that of the villas, to EUR 5.1 million.