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RT2 Owners
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Jonkers

Joined: 03 May 2007
Posts: 18
 
 
PostPosted: Tue Mar 24, 2009 12:47 pm    Post subject: RT2 Owners Reply with quote

Has anyone who is buying on RT2 completed yet? Or at least had any communication from PL? On the last update we had it was due to be finished this month?
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Jonkers

Joined: 03 May 2007
Posts: 18
 
 
PostPosted: Tue Oct 06, 2009 10:26 pm    Post subject: Reply with quote

Are there any RT2 purchasers on this forum who can comment on the progress of this development please?
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lightfinger

Joined: 20 Oct 2009
Posts: 2
Location: paris
 
 
PostPosted: Tue Oct 20, 2009 12:00 pm    Post subject: Reply with quote

I'm myself an owner of RT2. I'm trying to get some feedback on the status from PL but without success.
I wonder also about the content of the agreement between Best Western and Property Logic, as I don't see how Best Western will "manage" without an agreement with the owners.
As somebody any news?
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Mark76

Joined: 09 Sep 2008
Posts: 5
 
 
PostPosted: Fri Oct 23, 2009 1:14 pm    Post subject: RT2 Owner Reply with quote

I am also worried at the lack of news coming from the developers! Suzanne was to come back with news on a meeting with Sean at PL but we are still waiting for news?
Can anybody help?
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lightfinger

Joined: 20 Oct 2009
Posts: 2
Location: paris
 
 
PostPosted: Fri Oct 23, 2009 2:53 pm    Post subject: Update on RT2 Reply with quote

I had a long telephone discussion with Sean Cusak.

In short, Property Logic slowed down works in 2008 because:
- they were expecting their british clients to face some payment problems (fall of British pound) if PL was to deliver quickly
- they faced problems with banks, unable to release money on previously agreed borrowings (due to credit crunch)
- the infrastrucures of Saidia are also late and PL didn't want to deliver a resort with little facilities around

RT2 is among the most advanced LJDF properties and should be delivered in March/April 2010. Works are supposed to have resumed but at a slow pace. Can anybody confirm that?

Best Western is already on site, recruiting, training and putting things in place for proper management.

LJDF owners should be contacted to have an individual update on the status of works.
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