typical

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    • in reply to: block D
    typical
    Member

    Hi and welcome to the forum. I am grateful to john for replying to you and i think we all need a few more John,jeans and snedds on this forum to stop us all going frantic with worry. I am sure your up to speed on the problems with D and I and no doubt many others on this forum are getting it in the neck-big time over our choice of the Djadsal. I do honestly believe it may all end up happily but absolutely agree it will go to the wire and I wish this experience on no one. My reasons for my optimism are not pharmaceutical but one of practicability and I am only guessing here and I have no inside track or tip into what may be going on with Turinvest.

    I believe Turinvest own more land on sal than the government. I understand (through old e-mails and promo DVDs) they have acres of land behind the Djadsal enough to build a water park and 8 more blocks and a entire village. They own land in the north and on the beach. They own the criuola and have interests in boa vista and Santiago. They have a brewery and a ongoing obligation towards devolopement in cape verde supported I believe by the government. They also have interest in air and sea transport on the island. In short they have a few quid. Quite how and what they own the banks is a mystery-remember Turinvest is only an arm of the stephania group and I believe an asset rich one. If Stephania goes it does not follow Turinvest falls. Indeed, we have seen how the courts and banks work in cape verde. I have no doubt the process of winding up could take years. (not good but helpful for a recovery)

    Our lawyer and I assume you have the same one is hopeless. I don’t believ they have a clue and what was a good earner for them has turned into a legal nitemare but they cannot walkway they have a professional duty to protect our interest and have largely ignored us. This also is an avenue for us.

    I suggest constant chasing with Turinvest and getting our lawyers to insist on writing us an advice and for them to organise regular monthly meeting with Turinvest and produce minutes of those meetings to let us know what the hell is going on. If we all write to our lawyers they have a duty to respond. We just need to push much harder in 2012. I do not think Turinvest will go under they are simply going to sleep. Let’s wake them up.

    • in reply to: block D
    typical
    Member

    Many thanks John for that detailed and reasoned update. I am only spitballing here and do not for a second doubt the veracity of John’s reply for which I am very grateful.

    I think with Oliver we must insist that Turinvest produce a statement of intent. I cannot undertand how they are relying on funds from C to finance D, if that practice runs down the line then surely one block wont have any finance? If true, then Turinvest hold the cards, why are they not forcing payments from C owners with the threat of forfeiture of the apartments? The workers are (im guessing paid a minimal amount) say 250 euro a week. You only need to sell one apartment at 110,000 and you can employ 40 guys for a couple of months. As John predicts one big push would do it. Oliver should be asked to provide weekly updates and site reports. The pumping position is understandable and once the road has passed which looks almost done, the connections can take place and the water can be pumper out-simples.

    I do think D can be done and we are close. What i cannot accept is Turinvest lack of activity or information. I also wonder why our solicitors do not posses the information that John has provided.

    Like Chez I agree that we should keep up the momentum on this forum and chase up with Turinvest and our lawyers on a continual basis.

    John who is Robert? Can he be contacted? is he helpful to our plight?

    • in reply to: block D
    typical
    Member

    I wish I had a job with Turinvest. Sitting around doing nothing all day but sleeping in my apartment when they should be working. Sounds like the wife.

    I actually am convinced that a few months hard graft will sort out D. I am no expert but everything is there barring a few stones and some masonary work. Is the problem that no one is actually directing the work here? Surely 5 guys a day 6 days a week, since your Utube video would have had this block done?

    • in reply to: block D
    typical
    Member

    Thats very sweet of you Jean but I am (hopefully) the guest of Crioula!! I am also hoping to pop over to Boa for a couple of days staying at the Kurumba.

    I will gladly buy you amd your party a round of drinks (maximum of 5 euros a drink and two guest maximum) at Baileys[:0]. I am not sure of my movements as yet but will have a better idea in a week or so.

    Chez if you get onto (and this takes some doing) Turinvest and arrange a date, they MAY accomadate you. I suggest that you do not accept any accomadation or gratuity on their part as part of a compensation package.

    Gerren, Thanks for the photos which are helpful and I thought I saw a worker in one picture but on closer inspection it was most likely a tourist hoping to catch a glimpse of a worker.

    Keep the faith.

    • in reply to: block D
    typical
    Member

    Oops. Yes I misread your post, I suppose I was looking for a light in a tunnel. I do see some promise though with the road and the pump installation, it is a step in the right direction that Turinvest are prepared to make good. Hopeless optimist that I am I do believe that it would be cheaper to finish D and E than face endless litigation and close inspection of Turinvest accounts. I can’t imagine that D would take more than 4 months of committed work to complete.

    • in reply to: block D
    typical
    Member

    Wow, there’s more people on here than working for Turinvest!!! (sorry,! if you dont laugh you cry)

    I bloody hope the Crioula is not closed!! I am booked in for xmas and the New Year! If it is, I don’t suppose Jean would put me and the missus up!!!
    [8D]
    I am in some ways starting to be more positive about D. I think the road being built may be a clue here. Unless Turinvest were under an promissory obligation to build the Road, why bother? I think subject to what Jean or Snedds may say, its only purpose is to serve the Djadsal then this may indicate that more work may continue. It may also indicate that Turinvest have a solution for the damp problem and need to build the road before addressing the damp problem. I am just summising and may be wrong. But if you were running out of money would you build a road rather than a income stream of houses?

    • in reply to: block D
    typical
    Member

    I can only say snedds that the most surprising thing about your post is that block D actually had workers!

    I share your frustration chez I really do and we know who told us what and when.

    I simply repeat that a full investigation is needed at source about Turinvest and more pressure put on our lazy inefficient lawyers to actually do something.

    • in reply to: block D
    typical
    Member

    Actually Mike i think your being kind. I would say it a fraud. Taking money contracted for a specific destination and using it for others is a fraud. They also will not get any protection from the Cape Verdean Courts either, I would say that this matter can be investigated and prosecuted in Italy.

    I think Turnvest will do well to recognise that. I also think our Solicitors ought to sit up and take notice that by doing nothing to protect our interests, they have failed to protect our investments, they may well find themselves explaining to a regulating body why they thought this was a good idea.

    • in reply to: block D
    typical
    Member

    Actually Mike i think your being kind. I would say it a fraud. Taking money contracted for a specific detination and using it for others is a fraud. They also will not get any protection from the Cape Verdean Courts either, I would say that this matter can be investigated and prosecuted in Italy.

    I think Turnvest will do well to recognise that. I also think our Solicitors ought to sit up and take notice that by doing nothing to protect our interests, they have failed to protect our interests, they may well find themselves explaining to a regulating body why they thought this was a good idea.

    • in reply to: block D
    typical
    Member

    Dont give up now. We can now work from the ground up. I suggest we each individually write to our Solicitors asking them to be more supportive, involved and pro active. I want our solicitors to be demanding a statement of intent from Turinvest concerning all blocks. I want them to arrange a meeting with Turinvest and for Turinvest to provide full disclosure of accounts. I want to know who owns the land around Djadsal and who financed the road build at the site for just three blocks when another 9 proposed blocks remain unbuilt and two unfinished.

    Where has our money gone? I suggest only another 400,000 euro is needed to finish D (assuming furniture is still in storage) Why can this not be released?

    • in reply to: block c
    typical
    Member

    Thanks for the reply jean. Turinvest have already told us that they have no apartments to transfer. Im going to sal next month booked flights this morning!! So I can really see for myself what is going on. I’ll pop into fab and Christiane who I thought were genuine to wish their venture well and also Antonio for a meeting. I am delighted that you are enjoying your apartment and am so grateful for your posts which really are the only source of information many of us get.

    • in reply to: block D
    typical
    Member

    Thanks again sneddds to you and the delightful jean whose threads are the only real contact many of us have into the mysterious block D. God only knows what is going to happen to E.

    I am going out next month myself and taking the big guns with me. (that is is the wife before the terrorist squad get a call !) believe me if anyone can get a job finished it is her.

    • in reply to: block D
    typical
    Member

    Thanks for your time, sneddds. What about the missing items from the contents lists? Did they replace in full? Like the oven, a/c microwave etc? it is impossible to communicate with Turinvest so I am reliant on the neighbours to tell me what is going on. As a general question and leaving aside the problems we/you have encountered, are you happy with the apartment?

    • in reply to: block c
    typical
    Member

    Well after seeing the photos I can only say the people that signed the contracts for completion in jan 2012 might be a tad disappointed.

    How can they have done so little for so long? My son is not working for them. We need to talk amongst ourselves because in the faint and seemingly impossible hope that they do finish in 20whatever they still are not competing the ownership paperwork for a further two years. Are Turinvest going to be around then? Is the euro? Or Europe? Or me for that matter?

    We need to talk seriously about a plan of action and find a decent point of contact on the island who can help.

    • in reply to: block D
    typical
    Member

    Thanks for the effort sneds with the photos of block D i have the same ones!!! Except mine were taken 3 years ago. The look remarkable simarlar. In that time turinvest have laid about 20% of the roofing tiles and levelled the pool area. I can’t have believe that is all they have done in 4 years!! Your probably right they won’t finish until 2013 or later. What a disgrace.

    How is your place looking? Is there much going on in the blocks by way of new services d and e excluded? Is there any talk of a water par.. No I know the answer. How is the town coming along? Any new eateries pubs or clubs etc?

    Thanks typ

Viewing 15 replies - 1 through 15 (of 140 total)