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24 Jan 2009 5:29 PM by dedgley Star rating. 39 forum posts Send private message

do we know whatthe malpractice was ? not that it changes anything but it would be interesting to hear 1




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24 Jan 2009 5:43 PM by ashish Star rating in Cardiff. 137 forum posts Send private message

Please see post of 9 Jan and follow the links as well as the official ruling.

Regards

Ash




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25 Jan 2009 1:34 PM by dee1 Star rating. 3 forum posts Send private message

Have just join forum as new member. We have bought into phase 3 of Corvara and are now quite concerned about what we are hearing.

I have just followed a link for the internet to DCC international Property and it looks like it is run by Darrel McAnthony or he has some connection with it. We can't get MRI on sky but did get onto their website but not sure how up to date it is?

 ,

Not looking good though so will keep an eye on forum to see if anyone comes up with anything interesting,

Dee

 




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25 Jan 2009 2:04 PM by dee1 Star rating. 3 forum posts Send private message

 Just found this on web If anyone interested

Dee

ENDING speculation on various trade and investor blogs, the new CEO of MRI Overseas Property, Dominic Pickering, has outlined the company’s plans to focus on construction in 2009.

We launched 7 or 8 years ago and started constructing at the midway point,” said Pickering. “Most of our profit now comes from construction and the day to day demands, and costs, of marketing are no longer our main focus.

Pickering told OPP that MRI had gone through a major restructure in the last 3-6 months, closing some of its offices and laying off some staff as the company downsized to adapt to current market conditions. While the board is largely unchanged - Darragh Macanthony is chairman, Paul O’Mahoney is director of construction, and James Forester is marketing director - a significant change is the absence of former CEO Michael Liggan.

Marketing was always Michael’s forte, so he has set up his own venture,” said Pickering. “This is not an acrimonious departure, and we hope he will send some buyers our way“. This new venture, called DCC International Property, was recently set up by Michael Liggan and is currently promoting projects in Cyprus, Bulgaria, Portugal, Romania, Spain and USA.

Independent venture

Confirming that DCC was “completely independent” of MRI Overseas Property, Liggan told OPP that: “DCC doesn’t have an exclusive agreement to market or sell MRI developments and currently doesn’t have any other exclusive agreements for the many other developments it will be marketing”.

Clarifying the relationship with MRI and its board, Liggan added: “I have a very close relationship to Darragh MacAnthony; not only was I the CEO for his group of companies for many years but I am also his best friend. Because of this a lot of industry people have assumed that DCC is really MRI in disguise when that simply isn’t the case. The truth of the situation is that Darragh wants to focus more of his time on developing and constructing projects around the world and also developing his football club Peterborough United and trying to get them promoted this season and in the next season until they’re in the Premiership.

With Darragh not wanting to focus on taking over yet more of his ‘territories’ for his real estate company there is an opportunity for someone like me to want to do this and I believe the industry needs it. With Darragh planning on downsizing MRI Overseas Property I felt that now is the obvious time to go for it. Yes, we’re going through a worldwide credit crunch but times like this are often considered the best time to start a new company and for me that means I have direct access to taking on some of the best staff in the industry and also some of the best offices out there“.

Since DCC is currently promoting MRI projects, and occupying some of the MRI offices that had been closed down, there have been rumours of a rebrand. “It’s not a rebrand,” added Pickering. “We’ve spent 8 years building the MRI brand. We offered DCC the option of taking on the leases of some of our office space in Cyprus and Spain. They took up the offer and have even recruited some of the people we had to let go.

Outlining plans going forward, Pickering said that it would not be relying on the same traditional marketing methods to sell homes. “As constructors, we still know how to sell,” he said. “But rather than spending thousands on stands at property exhibitions, we will be building a network of agents to partner with. We still have thousands upon thousands of clients on our database who have either purchased or shown interest, so we have various options open to us, but our aim is to build sales networks in the UK, Europe and the US.

While MRI’s headquarters will remain in Spain, Pickering is based in Orlando in the US and is currently in negotiation with local partners to build this network. He also told OPP that MRI had been actively banking land in Europe and the US over the last year to support its focus on construction.

 




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25 Jan 2009 2:31 PM by ashish Star rating in Cardiff. 137 forum posts Send private message

Interesting post dee 1 and welcome to the forum.

A new company called DCC that is totally independen from MRI, but has:

1) The same registered address as MRI.

2) Two of the same directors.

3) Many similar developments being maketed as MRI (jost go on both websites and compare).

As I said before - Caveat Emptor

Regards.

Ash




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25 Jan 2009 2:52 PM by SteveandJane Star rating in Somerset and Corvera.... 481 forum posts Send private message

SteveandJane´s avatar

Hey everybody.

I have my own home improvement/widow company and I've seen these "Rebrands" every day of the last 20 years in the business (if you know what I mean)?



_______________________

 Steve (Lifestyler)



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23 Feb 2009 12:36 PM by LB Star rating. 3 forum posts Send private message

I have had all my e-mails rejected. I think that the unit that covered Murcia has have been  taken over by DCC preperties. I have been told that the regional sales guy who sold us the apartments is now working for them. any up date would be great

 

LOuise




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01 Mar 2009 5:36 PM by twofish Star rating. 28 forum posts Send private message

Was it Sean Wetherburn by any chance?




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18 Mar 2009 7:50 PM by mazbaz Star rating in Cheshire/Phase 2 Til.... 69 forum posts Send private message

Allegedly, a company called Solutions Overseas are also 'linked' with MRI.  Aspen (Bansko, Bulgaria) property owners, beware.....




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