23 Oct 2009 12:00 AM:

I wonder if any body out there can advice me on the legal position regarding my investement in Morocco.I bought 4 off plan apartments from marina dor in oxford street london in 2007.In the sales pitch they said they would have letting office in tamesna ,morocco who would take care of letting for the buyers.They also promised things to individual investers like flat screen tvs,marble flooring or partial furnishing.However I was swayed by the letting office as this was investment only and the area was not suitable for holiday  home.They promised area will be developed with shopping malls ,hotels hospital and university.I payed my deposit and also introduced friend to purchase one apartmet.

However soon after ward the staff I was dealing with were dismissed one by one until no on of the old staff were left who were on the initial sales night.I asked in writing if the letting office was going to be there and when the new staff came in they said no letting office and no one would give a straight answer in writing. I had meetings in london office with their director from spain and he said no letting office ,then I decided not to go ahead and invest anymore and asked for my deposit back . we have reached a point where they said they are terminating the contract and will keep the deposit.

Is there any point in taking them to court or just say good bye to my money(£13000).I would like to hear from other investers who bought in the tamesna development  in Morocco.Their lond oxford street office is closed and sold .Please advice if what i should do.

many thanks 

 

 

Thread: Marin dor off plan in Tamesna morocco

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