Palacin Holdings

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Revision as of 23:48, 2 April 2023 by Burgundie (talk | contribs) (Created page with "During a visit to Venceia, Caphiria in 1973, Caphirian Crown Prince Raphael, convinced Burgoignesc Crown Prince Maurice Palacin to buy up land in an underdeveloped coastal town that Raphael hoped to turn into a mecca for beach-side discotheques and the party culture in general. The impressionable Burgoignesc prince, bewildered by the grandeur of the Caphirian court...")
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During a visit to Venceia, Caphiria in 1973, Caphirian Crown Prince Raphael, convinced Burgoignesc Crown Prince Maurice Palacin to buy up land in an underdeveloped coastal town that Raphael hoped to turn into a mecca for beach-side discotheques and the party culture in general. The impressionable Burgoignesc prince, bewildered by the grandeur of the Caphirian court set about the creation of a real estate investment firm. The following year, Raphael was crowned as the Imperator and invited Crown Prince Maurice Palacin as a guest of honor. Caesar Raphael used the Burgoignesc money as well as Caphirian investments and turned Malta into an Ixbiza.

Palacin Holdings
Industry
  • Real Estate
  • Infrastructure Investment
  • Lending
  • Wealth Management
Founded 1973
Founder Maurice I
Headquarters Vilauristre, Burgundie
Area served Global
Key people Pasqual Palacin CEO and President,

Haddock Palacin Executive Vice President

Brands
Owner Pasqual Palacin
Website www.chholdings.ix

Maurice continued his investment in Malta until his death in 2002. In 1987, his son Crown Prince Pasqual took over the ownership of the company and began diversifying their assets. At first, he expanded the real estate holdings into other countries but by the late 1990s he was also consolidating the royal stakes in companies and their stocks under the Palacin Holdings banner. When Pasqual took over from his father, he greatly expanded the company's power by putting the royal families inherited lands under the company's assets and making infrastructure investment, lending and wealth management for other nobles a part of the company portfolio.

Local Properties Owned or Personally Titled

City

Province

Picture Date(s) of Purchase Total Price Description Discrepencies Notes
DubreaRoln N/A 2013 N/A Albergo diffuso N/A N/A
TippeleeRoln 2019 N/A Albergo diffuso N/A N/A
KildoranDaltmur N/A N/A N/A Albergo diffuso N/A N/A
SaalrauFaramount 2020 N/A Albergo diffuso N/A N/A

Foreign Properties Owned

City

Country

Picture Date(s) of Purchase Total Price Description Discrepancies Notes
Malta Caphiria 1974-present $4.7 billion to date *Hotels

*Condominiums *Resaurants *Beach Villas

N/A N/A
TBD  Puertego N/A 2002-present $1.2 billion to date
  • 3 Factories
    • 2003 mobile phone assembly plant
    • 2005 steel foundry
    • 2018 sugar refinery
  • 2 Factory workers accommodations
  • 1 Factory worker's children's school (Burgoignesc International School)
  • 1 Executive hotel and conference center
Communist hardliners have at times protested, picketed, and attacked Burgoignesc interests in Puertego for undermining the communist system of the country. Hoewever, the number of applicants to work in these manufactories has always exceeded the number of open jobs. The complexes are heavily guarded by Puertegoan soldiers and police as it is an excellent source of revenue for the government. It is also controversial that the hotel is not available to local Puertegoans, it is primarily used by the Puertoan elite and foreign business types doing business in the country. As part of the compensation packages for workers of these manufactories their families are allowed to live on campus, their children can go to the Burgoignesc International School.

Subsidiaries and brands

See also