26 Mar 2009 11:17 AM:

Thanks Seagull for the update. As a purchaser on Tee 17 I have been keeping a close eye on progress. I work in the construction industry in the UK and based on this experience Tee 17 looks a long way from completion so I am not surprised to hear it will be late. I also think Sharon is still being a little optismitic with the end of the year but time will tell.

You made reference to bank gurantees. I thought the bank gurantee was there to complete the project if the developer cannot - or have I missed something!

 

 

Community thread: Cox apartment ref. SP1176

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28 Feb 2009 12:00 AM:

We bought our apartment off plan in 2008 in the usual way and it is due for completion in the latter part of 2009. We had a family holiday in Spain last October to allow us to visit the site and check on progress. We carefully chose the position of our apartment to ensure we were on the end of the overall development to obtain the best views from our terrace. To explain the layout of the building; the development ranges between 6 to 8 storey’s, linear on plan and has circa 8 blocks - each block on plan having an apartment adjacent to a lift/stair tower adjacent to an apartment. To our shock when we arrived on site the builder had built an additional half an apartment width, over 4 stories) on to the side of our apartment block. It took us a further 3-4 weeks to get a formal response from the developer to explain what this was. The best explanation we got was "we are not sure why the builder has done this but as nobody can access this space on our level other than from our apartment we will give you a larger terrace and a further storage space.

We asked our lawyer what our options were as we felt the developer had changed the basis of our contract without informing us or obtaining our agreement. We asked whether we had the option to cancel our contract and obtain monies paid to date (20% of purchase price). The response was probably not. We would have to go to court to get our money back and the judge would not grant this as we were getting a bigger terrace. Although we are not desperate to cancel I felt a little let down by this advice. I am not legally trained but I felt that this is a major change to the original plan and as it was the developer fault does this not change the fundamentals of the contract. The developer has also tried to suggest we would have to pay for any additional tiling, wall finishes, lighting etc to the additional storage area the extra construction creates.

I would really appreciate any advice on this.

BT

Forum thread: Developer Changes to our Apartment

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02 Feb 2009 10:48 AM:

Thanks for your reply. We could do with a formal statement from Peninsula on completion dates and a comment on the worrying 2012 suggested completion date for the Shopping Centre and Sports complex. As a Tee 17 buyer (as I am sure with the rest of the developments) we was sold a full development package that underpins the rental opportunites. These issues in combination with the various articles on the local authorities being taken to court over the land sale is starting to build up a worrying picture to the whole thing.

Is anyone else starting to feel this way or am I missing some facts that brings some confidence back.

 

 

 

Community thread: Cox apartment ref. SP1176

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29 Jan 2009 7:50 PM:

From the various messages there still look to be some uncertainty on the completion date. What is the best estimate?

Community thread: Cox apartment ref. SP1176

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