Over the past few years we’ve heard a lot of talk of Disney opening up a theme park in Spain and that it would mean that property prices would increase due to the resulting tourism in the area chosen.

Must of us guessed all along that this wasn’t really going to happen. Disney were not about to put their Paris theme park out of business, though originally they had planned to build “Euro Disney” somewhere in Spain.

Now more recently we’ve heard a lot of talk about Paramount Studios opening up a theme park in the Murcia area of Spain.  Although originally many people assumed this was another rumour, the fact is that the Paramount theme park in Murcia is going ahead, as has recently been confirmed by Paramount Pictures Spain.

 

Check this link from the Daily Mail - 16th September, 2010

http://www.dailymail.co.uk/travel/article-1312615/Spain-New-theme-park-planned-rival-Disneyland-Paris.html

The Facts

Paramount Studios themselves will NOT be investing in the project.  Instead the Murcia Regional Government along with what appears to be a group of investors under the name of Santa Monica Financial Services SA, will fund the project under licence from “Paramount Licensing”. It is therefore more of a Paramount-branded theme park than a Paramount theme park in it’s own right. However, this sort of set up appears to be quite a common way of setting up these types of facilities, hence the “Paramount Licensing” division of the company.

The Location

Murcia covers a large area and at the moment no details have been given for the exact location of the theme park, but expect it to be quite far from most residential areas! Let’s not get too excited yet as this is still at a very early stage so going by the usual timescales for large projects we’re probably look at a minimum of 2 - 3 years before this gets completed, possibly longer.