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Hi Bidu, What is your view of IMG as a developer? Thanks,

Good Evening Everyone, I have received an update from the lawyers Manzanares this evening. The new project delivery date is September 2015....

Hi Lutebroek, This relates to comparible projects for the subject of this forum Dr Geraldo Furtado which is an apartment complex.... mid range rather than "luxury" Do you not agree with these figures? Do you have any actual colour on the "unsold" apartments that you mention? facts figures...

Hi Everyone, I received a pricing update for Petropolis last night of Real 4,900 M2 an increase of 8.0694% on the price from last year of 4,500 M2. So that is some positive news.

The currency is struggling and the policies by the current government have not been great. I believe there is an election towards the end of this year so it will be interesting to see what develops.

All, I am expecting a letter from the lawyers Manzanares later today as I understand IMG have put in a ludicrous claim for Force Majeure looking to claim the entire delay on this. Effectively the lawyers are responding to this and are due to provide more information. Does anyone have any...

Hi Everyone, I asked IMG a series of written questions via my advisor in relation to the development and the delays. Late last night I have received a written responses to all of my questions. If anyone is interested in receiving a copy of the questions and answers please private message me...

Hi Mahogany, Absolutely right from what I understand different clients have different payment plans even different clients with the same agent. So this is where the compensation part will be different for different investors depending on what has been paid etc. IMG want to claim for Force...

All, Update from call with IMG, Lawyers and agents from 21st January 2014: Selling agents put forward the clients frustrations and view of the situation and this was acknowledged by IMG The head of IMG reiterated IMG's financial position and they have the finds to deliver the project IMG...

All, I am hoping a meeting will take place this week where IMG will outline their position. However the head of IMG has cancelled this meeting twice last week due to a health issue. I will update everyone if this meeting does take place this week. Thanks.

Hi Jacob, I am due to receive some further information in January I will update everyone at this point. Best Wishes, John

Hi Jacob / All, Perhaps my post wasn't clear. IMG are working on a plan that they are going to communicate in February. i.e. they are working on the plan. Thanks.

Hi Bidu, To clarify the investors have paid in stages the issues are at the developer level. I understand a new plan is being put together by the developer for the end of February with a delivery date of early 2015. Thanks.

Hi Jacob, Thanks for your update. I have also overnight received an update from the lawyers Manzanares on the project. The most telling point that they make is that one of the Manzanares staff visited the site some weeks ago and there were just 6 or 7 workers on site. This is my main...

Hi Everyone, I have been informed last night that the May 2014 date that was communicated in August is now not going to be met. I have asked IMG for a full explanation as I am very unhappy about this.

I think perception is very important and the World Cup is a massive opportunity for Brazil but there seems to be an undercurrent of social unrest. I don't think scenes that were witnessed last summer would be welcome attention and would affect property on the down side.

Does anyone have any views on the latest newsletter that was received earlier in the week? In my opinion progress continues to appear very slow with not many workers appearing in the photos of works being completed. Any thoughts?

Are flights being marketed yet? surely that would give an indication to whether the airport will be finished.

My concern is what if there are further demonstrations and disruptions during the World Cup thoughts?

Hi Paul, Welcome aboard keen to continue the dialog with active investors in the project. Best Regards, John