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  1. R

    Gardens of Fedala - Marrakech

    Certainly makes interesting reading but not greatly surprised given the on-going run-around the company have given me (and others it would seem) with regard to investments in Morocco. They pushed pretty had for me to convert my investment into their Argentinian project but wanted incremental...
  2. R

    Gardens of Fedala - Marrakech

    Pretty much radio silence from R2I in terms of any progress on any development or cash refund for those, like me, looking to walk away from a mess in Marrakesh. I'd originally invested in the failed GoF scheme having paid the 1st tranche of cash (poor decision on my part). I do, however...
  3. R

    Gardens of Fedala - Marrakech

    The latest I've heard is that the French exchange listed parent company of the local developer is interested in progressing talks with r2i with regard to progressing development work on a couple of sites in morocco. Has anyone heard anything similar or to the contary?
  4. R

    Gardens of Fedala - Marrakech

    I've just received an update that basically states that the legal charge is the only course of action now recommended given the lack of response by the developers lawyers. However a change already appears to exist on the land and if I was the management company I'd have made sure this is water...
  5. R

    Gardens of Fedala - Marrakech

    I've been promised a response this week following a review by Mr Molinare’s, the guys that has taken over the investment strategy for the parent company. Also understand that work is underway to lay-out the process of putting a charge on the land. Will update once / if I hear anything more
  6. R

    Gardens of Fedala - Marrakech

    The most recent update I have from R2I is that the new manager of Idsud (the owner of MAR),Mr Molinare, is carrying out a full audit of the Fedala and the Fez development ahead of making any go / no-go decisions on developments. Only pressure it would appear we, as disgruntled investors, may be...
  7. R

    Gardens of Fedala - Marrakech

    The planned development didn't go ahead and I understand a few investors have cash that they are still wanting to see returned - I'm one. Looking to understand if other adversely impacted parties are willing to connect and share thoughts on appropriate next steps etc. Looking forward to hearing...
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