Poking around on IMDB.com, some posters have stated this is a two part movie, with part two being in post production.
Oh, and the trailer is in spanish, with no subtitles.
SHOCK TILL YOU DROP
Horror fans, furthermore disciples of H.P. Lovecraft, in Spain are enjoying the release of The Valdemar Legacy from writer-director Jose Luis Aleman. The film heavily draws on the Lovecraft mythos and features a gigantic practical Cthulhu beast, from what I'm told.
Imagina International Sales is taking Valdemar to the American Film Market to find, we presume, U.S. distribution. Fingers crossed they find here. Synopsis and Spanish trailer below. Poke around the official site here.
After the disappearance of a renowned real estate agent, an investigation is open to unveil the mystery surrounding the Valdemar Mansion she was evaluating. Private detective, Nicolás Tramel and Dr. Cervía, an expert in paranormal encounters, will team up to investigate the Valdemar Legacy and the real estate agent's vanishing.