It is more than one and a half million euros. This is the amount allegedly owed by developer Cristóbal Thomas de Carranza y Méndez de Vigo for unpaid construction bills claimed by a company in Ibiza. The investor, who hails from a prominent family, appeared in court on Monday to testify at a preliminary injunction hearing convened by the Fifth Ibiza Magistrates' Court after being summoned following the lawsuit filed by the Ibiza-based company.
De Carranza y Méndez de Vigo was summoned in his capacity as administrator of Villa Amare Ibiza SL, the developer of the Can Dalt residential complex in Santa Eulàlia. The construction company took legal action to claim the money owed to them for work carried out on the Can Dalt development, a complex of eleven luxury detached houses priced between 2.3 and 2.5 million euros.
The developer attended the court accompanied by his brother, solicitor Santiago Thomas de Carranza y Méndez de Vigo, and Maria Teresa Fernández de la Oliva, technical architect and project manager for the Can Dalt project.
According to information gathered by this media outlet, the financial analysis carried out by the construction company indicates a 'high risk of default'. According to the commercial register, Villa Amare Ibiza SL has the minimum required share capital of €3,000. In 2022, Méndez de Vigo — an economist and, according to his LinkedIn profile, an expert in asset selection, investment and risk management — embarked on a million-pound project in Ibiza. The construction company he commissioned to carry out the work is now claiming more than 1.5 million euros from him.
Ten of the eleven properties have already been sold, four of which were occupied without a First Occupancy Licence (LPO). The first owners moved in in December 2024. Until recently, these luxury villas were operating using construction supplies, with the construction company still paying the electricity costs and including them in the claimed debt.
The sale of the villas would have earned the developer more than €20 million. Now, the judge must decide on the construction company's request for precautionary measures, as it claims to have been the victim of 'alleged white-collar fraud'. Cristóbal Thomas de Carranza y Méndez de Vigo, the CEO of Can Dalt, appears to be linked to many other companies in the Commercial Register.
In addition to the financial issues, the local council has launched an investigation into the construction of two swimming pools that were not part of the original project, which delayed the issuance of the completion certificate.