Originally Posted by adiemac

Chevy,

I have a deposit on one of these apartments also. From conversations with my lawyer and TASA they have been trying to refinance for some time. They claim they have not issued all of the Bank Guarantees for that reason, although that is another matter. I am told they have managed to refinance a development in Morocco which was key to their survival but they still obviously need to do the same at Esuri to be able to finish the phases they have started.
I was there in October and there was maybe a dozen or so workers on site so not really much activity considering the amount of work still outstanding. I have some pictures of the site if you are interested. The site office was open sporadically when we were there. Also they have indefinately postponed all of the other phases. Phase 1 completion is due 1st Q 2009 plus the 3 month allowance making it due finally on the 1st of June 2009. Not sure about Phase 2.

I would not be at all surprised if they had stopped work completely.

Hope this helps.

Originally Posted by jacqandy

does anyone have the contact details of the administrators,
cheers

Originally Posted by chevy

they have not gone into administration yet .....

pm me if you know something

thanks

Originally Posted by adiemac

Be good to get as many of the Tasa buyers together as possible.
If you are out there please get in touch.

Originally Posted by jacqandy

sorry i was talking about fadesa

Originally Posted by Loco

Update

This info came from "sources close" a couple of week ago but due to personal reasons I was unable to post.



1. MF have been trying to flog off their landbank and building sites to various Sovereign funds and/or the private investment vehicles of those that control the funds. The offer price is less than the MF Debt. The Negotiations have, to date, failed.

2. Since MorganS and others were selling off MF stock at a 50% discount monthes ago ( which I have previously posted about) MF Cash Flow has collapsed, Sales are close to non existent, assets valuations have been slashed and YTD MF has lost a further 250 Million Euro before write offs.


3. MF’s have approached their Main Creditors with a deal asking them to write off 50% of the debt with the other 50% being repaid over the long term and at frozen or reduced interest rates. Under this plan MF propose to repay the other creditors in full in 2 to 5 years time.

Best

Loco

Originally Posted by jacqandy

Hi loco,the e-mail address doesnt seem to accept anything.Maybe the capitals in the address should be lower case? CHEERS

Originally Posted by jacqandy

Hi loco,the e-mail address doesnt seem to accept anything.Maybe the capitals in the address should be lower case? CHEERS

Originally Posted by Loco

Hi,

I have just tested it a few times and it is valid which is just as well as it is the official one given out by the Administators so there must be a problem at your/your ISP end.

If you Email/PM the failure message you are getting I will take a look and advise.

Best

Loco

PS Caps make no difference in email addresses.

Originally Posted by John & Kath

My Gestoria is Ramon Ojeda Martin (Graduo Social) and he has been very good. His English is limited but his wife speaks very good English and acts as his interpreter.

Calle Felipe Hidaglio, 7
Ayamonte 21400

Tel/Fax 0034 959 320 036
email: [email protected]

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Originally Posted by George & Rosalia

John & Kath,

I tried the email address but the email was returned undelivered.

George

Originally Posted by MikeJ

Does any forum member have broadband at CE, what type, and roughly how much?
I know that it is there as I have used the WiFi at the clubhouse. I heard that one can get ADSL if you have a telephone line from Telefonica but it sounded a bit expensive and I can't justify a monthly bill until I become a permanent resident (soon I hope ). Does 3G work there? In which case who is the best/cheapest provider.
Any help or hints gratefully received.
MikeJ