New Owners

I have been advised by AEA , and confirmed by RyF , that RyF have sold 129 apartments to an investment bank. That must be good news as it means that RyF have some cash to pay their outstanding fees!!  let's hope so

Interesting - wonder how much they went for.

That is good new, I calculated from the last meeting minutes that RyF still owned 317 apartment which meant that they had sold over 400 by Sept/Oct 2008 time so I now calculate that now they own 188 less any sold since the meeting.

Even they sold at cost they still make a profit on the site as a whole.

It certainly has to be good news.  It will be nice to see more shutters down and window boxes tended!

Hi,

Any news on the date of the next meeting and when we are likely to see a statement off accounts, showing RyF payment of the outstanding community fees?

Thanks

Dear All,

may I ask if this is the development currently being promoted as bank owned having been bought from Taylor Woodrow Wimpey, the builder.

If it is, it is currently on offer at 50% with 100% mortgages.

It is good to see little or no criticism of the build on the forum.

Regards

Norman

Norman,

Taylor Woodrow were not involved in this develoment, the developer was a Spanish company called Ros y Falcon, who have developed a number of sites at Duquesa & also Alcadesa

John

Norman

The website for Duquesa Golden Mile (the developing company/Ros y Falcon) is duquesagoldenmile.com/en/, should you wish further information about their developments.

I think you'll see that most of the members on this particular development forum are generally very happy with their property.  We also know owners in Coto Real (another RyF development) who are very happy too.

The build quality is good - although, obviously, there are gripes in some areas!  Peeling paint, etc.  But generally decent.