1frenchy wrote:this is bad news
how about alkudiasmir development ???
hello wrote:Fadesa Maroc in my opinion will be bought for nothing by Adohha and they will take over the construction. They already own 50% of all of their sites including ALcudia and Saidia. The only problem that could occur is switching contracts to work with Adohha and whether or not they complete on time and to the same standard (Social housing background) but they do without doubt have large sums of ready cash.
As for the other Martinsa Fadesa sites around the world, especially in Spain, then unfortunately people who have not completed will probably lose their deposits and those who have completed will be stuck on a half built resort similar to the scenarios seen back in the early 90's.
As for talking to management in Martinsa, clients have little hope as they had little or no control before, once the creditors get into the company the management will become obsolete.
I feel sorry for people who have bought from this company, the bank guarantees that were offered in many cases only ran for 2 years and knowing how incompetent Fadesa was Im sure most weren't even registered.
Everyone who bought in Alcudia Smir will at least have an asset to sit back on once Adohha finish them but as for the rest, forget about it.
shak wrote:You guys were warned.
riaz wrote:Fadesa maroc is not part of Fadesa. However as it is a new company, don't we need to have new contracts woth fadesa moroc aldoha?
I think Aldoha will do a good job.
Riaz
mcneilee wrote:got this in an email
Morocco is in effect a separate entity; funded differently and 50% owned by us
so who owns the other 50 Addoha or some other company
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