Palma Do Mar Construction

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rkinvestor

New Member
Hi,
I was just wondering, does anybody know if the construction of Oasis Do Mar/Palma Do Mar in Jacume, Joao Pessoa has started?

Thanks
 
debzor

debzor

New Member
Hi,
I was just wondering, does anybody know if the construction of Oasis Do Mar/Palma Do Mar in Jacume, Joao Pessoa has started?

Thanks
This is from a friend who lives in JP:

not yet, the owners intend to build the sales office, wall and first infrastructure in the next 60 days, but they are struggling to find a constructor who doesn't want Gringo prices, greedy *******s!
 
P

petev

New Member
Palma do Mar planning permission takes time

:D
This is from a friend who lives in JP:

not yet, the owners intend to build the sales office, wall and first infrastructure in the next 60 days, but they are struggling to find a constructor who doesn't want Gringo prices, greedy *******s!
:D
Gringo prices or
I think the same anyway as I said planning takes time and struggling some years more and building we will seee...:cool:
 
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International Dreams

Banned
Hi All

Palma Do Mar is due to start short and will have all the infastructure in place for start of 2010 - eg roads, power etc. They have launched new deals on this project.
 
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petev

New Member
Have Steve Naish from Greenland securities promises that

:rolleyes:
Hi All

Palma Do Mar is due to start short and will have all the infastructure in place for start of 2010 - eg roads, power etc. They have launched new deals on this project.
:D:D:D:D:D
 
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International Dreams

Banned
Yes he has, they are just sorting out the sub contractor to start work on the plots and Oasis Do Mar with completion for September 2010 for the whole site
 
R

rkinvestor

New Member
Hi,
Anyone with an update on Palma Do Mar construction? Did they start the building the infrastructure?
 
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mamanguapemamma

New Member
Hi
Drove through/past/round that area about 4 weeks ago - nothing happening as far as I can see - will try to go back out that way again next week and will report back - dont live too far away.
 
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Norbert

Senior Member <br /><img src="http://img.propertyc
Hi
Drove through/past/round that area about 4 weeks ago - nothing happening as far as I can see - will try to go back out that way again next week and will report back - dont live too far away.
We asked friends to check it out, and apparently still nothing moving there.
They now have to compete with the Tabatinga Country Club.
Can you imagine, 2000+ tiny plots of land, at least 20 minutes walking from the nearest beach?
They'll be lucky when the promised Social Facilities are ready by 2014.

Does anyone have any other info?
 
debzor

debzor

New Member
We asked friends to check it out, and apparently still nothing moving there.
They now have to compete with the Tabatinga Country Club.
Can you imagine, 2000+ tiny plots of land, at least 20 minutes walking from the nearest beach?
They'll be lucky when the promised Social Facilities are ready by 2014.

Does anyone have any other info?
I went past the 'do Mar' developments the other week, and there appeared to be nothing at all happening. Rob's link may well explain why!

Also visited Tambaba Country Club... even less going on! Impressive entrance gateway and walls facing the street, but absolutely nothing inside. I was very surprised as all websites I researched gave the impression that construction was well under way.

I think they must all be computer generated graphics or artwork, as there is nothing but barren land - not a single building or road in sight anywhere.
 
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debzor

debzor

New Member
Sunday World - investigating and reporting on Irish Crime

I don't know whether these allegations are true, but they would account for delays in the development.
Rob, how did you find this story?

Do you spend Saturday afternoons in Brazil scouring the English language press for the next day's headlines?!!

However you came across it, this has to be the scoop of the year - assuming it is true - and will certainly create waves in JP. (Sorry, is already creating waves in JP...!!)
 
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Norbert

Senior Member <br /><img src="http://img.propertyc
Hi All

Palma Do Mar is due to start short and will have all the infastructure in place for start of 2010 - eg roads, power etc. They have launched new deals on this project.
Yep, they started SHORT :D :D :D
 
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rkinvestor

New Member
Talked to Steve Nash and he mentioned that Green Land Securities are no longer heading this project and they are finding a new company.

Construction has started but will be delayed for few weeks to sort this out. He also mentioned, some investors have started building villas...

Not sure how truth is this story...Any other update would help
 
N

Norbert

Senior Member <br /><img src="http://img.propertyc
I was always under the impression that Green Land owned the do Mar developments.
Well let's hope not. When they are owned by GreedLand, the Tax People might confiscate it. Assuming that at least some of this Sunday World - investigating and reporting on Irish Crime story is true ....

With many thousands of small plots available, all quite a few miles away from the beach, it may take 10 years before any appreciation can be seen on these away-from-the-beach plots.
 
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voyager

New Member
Hi, I have just joined this forum today, essentially to post my question. My partner is one of the many unfortunate investors who had invested in plots at Palma do mar – (currently all infrastructure work is on hold pending money laundering investigations re Greenland securities).
He has recently been contacted by a law firm in Brazil – Peixoto. They have advised that he hire them to file a court action to receive a refund of the money invested, plus interest and monetary restatement (whatever that means!). They have advised that the case can take up to 2 years if not more.
I am wondering what to do. The fee they are quoting is fairly high $4000 (to be paid upfront) and then a further 20% of the monetary benefits that he may receive as a result of the court action. We are inclined to do nothing as we can’t see how the Brazilian courts will be able to award any compensation from assets that are currently frozen. However as we both are very inexperienced in cases like these I was wondering if anyone has any advice or experience they can share.
Many thanks
 
G

growler

New Member
The Lawyers in Brazil are always happy to "get your money back" for a good amount of money, especially when dealing with foreigners.

The legal system works very slowly and it could easily take 2 - 3 years but if there is an issue with money laundering, who knows?

It doesn't sound as though there are any assets available so getting money back is going to be near on impossible.

That is my opinion based on what I have read only so who knows?
 
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Norbert

Senior Member <br /><img src="http://img.propertyc
Hi, I have just joined this forum today, essentially to post my question. My partner is one of the many unfortunate investors who had invested in plots at Palma do mar – (currently all infrastructure work is on hold pending money laundering investigations re Greenland securities).
He has recently been contacted by a law firm in Brazil – Peixoto. They have advised that he hire them to file a court action to receive a refund of the money invested, plus interest and monetary restatement (whatever that means!). They have advised that the case can take up to 2 years if not more.
I am wondering what to do. The fee they are quoting is fairly high $4000 (to be paid upfront) and then a further 20% of the monetary benefits that he may receive as a result of the court action. We are inclined to do nothing as we can’t see how the Brazilian courts will be able to award any compensation from assets that are currently frozen. However as we both are very inexperienced in cases like these I was wondering if anyone has any advice or experience they can share.
Many thanks
Both Manzanares and Peixoto were involved in the Palma Do Mar debacle, and therefore can never be objective. My advise is to find a lawyer that has no links with either Mr. Naish (who, according to the Due Diligence Report, bought Palma do Mar in 2008),Palma Do Mar or Greed Land.
 
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penelopy

New Member
I wonder why..happens quite a lot on this forum .You are supposed to just smile and say that`s ok!!
I entered a response a few hours ago, and it appears to have been removed.
I wonder why......
 
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