Oceanville |
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Jocelyn
Regular Joined: 26/June/2009 Location: Ireland Status: Offline Points: 269 |
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just thinking of sesimbra's other assets or developments...have no idea what else they own...tried to find out on the internet. they must be a fairly big organisation to have taken on the oceanville project...
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Jocelyn
Regular Joined: 26/June/2009 Location: Ireland Status: Offline Points: 269 |
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yep, we feel that once sesimbra goes bankrupt (we think that it's only a matter of time), the bank can off load to another developer. sesimbra looked for another loan this year which was turned down, so without finance to get the place up and running again...they are bound to go bankrupt.
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john2604smith
Senior Member Joined: 05/December/2006 Status: Offline Points: 1848 |
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I think another developer will step in, after all the hard work is done and it is in a fantastic location, just above Albufeira and as you say stunning views.
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ownersdirect P3708
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Jocelyn
Regular Joined: 26/June/2009 Location: Ireland Status: Offline Points: 269 |
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a very good question cubsur...our solicitor says that there is no way it will be knocked down...but sure you wouldn't know what will happen! such a shame as the view from our balcony is/was stunning....
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26450 |
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So what's going to happen to the site I wonder?
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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Jocelyn
Regular Joined: 26/June/2009 Location: Ireland Status: Offline Points: 269 |
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cheers jayjan....could be many years if at all before we see any of our 40k...but at least i have a legal document from the courts now...hopefully will mean something if sesimbra go bankrupt!
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Jayjan
Top Contributors Joined: 21/November/2006 Status: Offline Points: 7400 |
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Excellent news Jocelyn, hope everything goes ok for you after all the trauma you must have had with this place over such a long time. Good Luck & best wishes !!!!!
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Christina
Senior Member Joined: 21/April/2011 Location: Portugal Status: Offline Points: 510 |
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Great, I am so pleased for you, you never know you may get your money
back, miracles can happen, ha ha. I bet you're relieved its all over.
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Christina James
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Jocelyn
Regular Joined: 26/June/2009 Location: Ireland Status: Offline Points: 269 |
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ah thanks Christina, so nice of you :)
we won our court case this week, judge ordered sesimbra to pay us back....not that they will cause they are almost bankrupt...but it was somewhat good news for us. |
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Christina
Senior Member Joined: 21/April/2011 Location: Portugal Status: Offline Points: 510 |
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Hello jocelyn
This is the first time I've read about the trouble you are having and I just
want to wish you good luck and I hope that everything works out well for you.
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Christina James
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26450 |
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Yesterday
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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Jocelyn
Regular Joined: 26/June/2009 Location: Ireland Status: Offline Points: 269 |
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thanks tiganut! hopefully i will be able to post an update before christmas. another client of my solicitors who submitted their case to the court after me has already had their hearing. My solicitor said it depends on which solicitor you get....
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tiganut
Top Contributors Joined: 29/July/2009 Status: Offline Points: 2010 |
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Good luck with the hearing,when you get it.
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He Who Dies With The Most Toys Wins
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Jocelyn
Regular Joined: 26/June/2009 Location: Ireland Status: Offline Points: 269 |
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thanks cubsur for taking the time to put up another picture, i've no news other than i'm still waiting since december 2010 for my court hearing date.
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26450 |
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The place is still abandoned and getting worse to look at. About four o'clock yesterday all I saw was two security guards having a chat (change of shift?) and and old bloke who looked like a gardener. Meanwhile the weeds continue to grow.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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