Polaris World negotiates a reduction to its debt in exchange for handing over a number of its properties to its creditor banks

see link below

http://www.spainsolicitors.com/last-newsletter.asp

thanks great info - sounds quite optimistic. Hope Polaris formally communicates similar optimistic outcome to those of us that bought its properties.

 Very interesting,Thanks.. Geoff.

...and I understand that they've started building the penthouses at Terrazas according to the website of the agent we bought through. Hopefully they will come through this recession strongly - its in all our interests !

We arrived home on Saturday & was surprised to see that the road that would lead to the golf suits was well on its way  to completion

Maybe the golf suit build will go ahead too.

Jan

Jan your right, the road that connects the first security entrance has been built all the way through to penthouse 1 making one full internal loop, not sure what it's for but did think it was for the golf suites.

Dan

hello there i hope you are correct bout golfsuites ive bought one but ive been on phone 2 PW for months now and cant get answers spoke 2days ago and they said somebody meant 2 be ringing me up sounds like they not going ahead with them so who knows were i stand now help!

The immediate plans for golf suites is not to commence with the build (could be in a year or ten years they do not know)

you need to write to Polaris and insist (politely) for answers

we will be meeting Polaris representative in August to see what is on offer.