Costa Blanca Property "Scandal"

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This topic contains 12 replies, has 5 voices, and was last updated by Profile photo of angie angie 5 years, 1 month ago.

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  • #54334
    Profile photo of Anonymous
    Anonymous
    Participant

    I am in the process of trying to get my reservation fee and deposit back from the developers of Ocean Greenery Castalla, Costa Blanca.
    The estate agents Ocean Estates International seem to have disappeared,
    the developers are in dispute and suing each other right left and centre, the NEW builders are being paid in apartments to complete the work.
    It has been hinted at that my Abogados may soon disppear and that the monies paid in to their client’s account are no longer there.
    We have a new solicitor who says that we must take the developers to court but I don’t want to pay good money after bad.
    The development was due to complete in March 2007.
    I’ve just found out that the development is now 60% completed and they need more money for the bathrooms and kitchens.
    Have you any words of wisdom 🙄 as to this whole sorry affair?

  • #86481
    Profile photo of Anonymous
    Anonymous
    Participant

    There are some other affected buyers here
    http://www.eyeonspain.com/ViewDevNo.aspx?dev=O35
    who it may be worthwhile you contacting if you haven’t already done so.

  • #105711
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi All
    Sept 2011 and Ocean Greenery is still not resolved.

    petunia13
    Did you get your monies back?

    More of us have posted on
    http://www.eyeonspain.com/community-forum/16125/latest-on-ocean-greenery.aspx

    I have a horrible thought that I will be expected to complete at the 2005 contract price.
    Hell!

    rgds
    John

  • #105713
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi jrad,
    No I haven’t got my money back yet.
    I am still hopeful.
    My Spanish lawyer is on the case.

  • #105718
    Profile photo of angie
    angie
    Spectator

    Many, many people had trouble buying through Ocean Estates and much has been said here about them over the years, you can find posts regarding them if you do a search on here.

    As far as I know, they no longer operate in Spain, Bulgaria, Turkey, South Africa. Their founders the Macdonalds sold the Company and still own property near Marbella I believe, the reddish ochre coloured gated apartments down the Golden Mile. Can’t think of the name of their apartments but it will come back to me later.

    I also believe one of their Directors Paul Blagdon, and maybe Ian Lister sort of fled to Thailand to start selling property there, you may be able to Google search Ocean Estates Thailand.

    The Sunday Times did an undercover expose on them in P. Banus when they were duping 1000’s of Brits in the Boom days, you can also Google search newspaper articles about them, and mis-selling by them. 😡

  • #105719
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Angie,
    Thank you for that information.
    Not only is it a scandal it is a disgrace and I am glad that not all people are like this!
    I am still optimistic and I may have to go after the bank next!!
    regards
    Pat(woodentops)

  • #105732
    Profile photo of angie
    angie
    Spectator

    Hi petunia

    Name of those developments is Torrebermeja and Casabermeja Hope I’ve spelt them correctly, I think the Macdonalds live in the 1st one.

    Take big baseball bat if you visit 😉 😆

  • #105734
    Profile photo of Anonymous
    Anonymous
    Participant

    Thank you.
    Are those Spanish developments?
    or Thailand.
    regards
    Pat
    (petunia13)

  • #105743
    Profile photo of Inez
    Inez
    Participant

    They are both in Spain

  • #105745
    Profile photo of angie
    angie
    Spectator

    Hi Petunia, and thanks Inez, yes they are in Spain, on the Golden Mile near Marbella!!

  • #106403
    Profile photo of angie
    angie
    Spectator

    If Petunia or anyone else is still interested in the whereabouts of the Macdonalds who ran Ocean Estates, they now run Polar GMD which they set up after Ocean Estates went sour leaving unpaid tax of 9 Million Euros and many angry clients with losses.

    Polar GMD arranges stands at worldwide property exhibitions.

    Macdonalds address when not away is: 912 Torre Bermeja, 29680, Estepona, Malaga.

    email: alasdair@polargmd.com

    Happy Hunting 😉

  • #106404
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Angie,
    Thank you for that information.
    I do not know how I will use it but I think that they are part of the reason that I am in this mess.
    Pat

  • #106405
    Profile photo of angie
    angie
    Spectator

    Hope it helps you somehow Petunia.

    Do you have any names of Directors, managers, staff that you dealt with? Also, try random Google searches of any names?

    How the Spanish Gov’t, Tax Office etc allow them to operate with impunity still and based at that address in Spain, owing all that unpaid tax, whilst turning over large sums of money still in their new venture, beats me???

    I imagine there’s still a large group of diddled clients as well as unpaid staff who would like to pay them a visit to their home and even at one of these exhibitions they arrange. Maybe inform the authorities in Spain too.

    There’s a lot about them too on the http://www.eyeonspain.com website under heading ‘Insight to Ocean Estates’ and other headings. 😉

    If I was there I’d give you a hand too, failing that make a couple of effigies of them and stick pins in their privates 8)

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