17 Jul 2013 7:52 AM:

 Glad to hear that things are not quite as bad as I feared. We were very fortunate in some respects that we did not complete but sadly we never had a bank guarantee and are still trying to get back our deposit though we have a lien on a property in Marbella after the courts ruled in our favour. We do not know what the situation is with Peninsula but maybe one day their assets will be sold to repay their creditors.

I hope that in due course your situation is legalised and all the appartments are sold.  It's such a lovely part of the world.

Best of luck.

Community thread: Top Gear - 14 July

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15 Jul 2013 7:35 PM:

Can't believe how bad it looked

Community thread: Top Gear - 14 July

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01 Oct 2012 5:33 PM:

 Hi Everyone,

 

We had a contract to buy on the Granada Greens development but did not receive the guarantee that should have been issued. Nevertheless we took Peninsula to court and have a lien on a property in Marbella to support the legal case we won against them.  

Does any one know what is happening with Peninsula?

I assume that they have gone bust and in due course the bank will sell assets such as the Marbella property to repay debt.

Regards

Bill

Community thread: Medina Golf - Very Disaappointed

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22 Apr 2010 3:42 PM:

Nice to hear a positive message at last.  If it is Peninsula paying out this will be most welcome as to date they have been most obstructive

Community thread: Returned Deposits

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19 Feb 2009 4:59 PM:

We have contracted to purchase a development called Granada Greens.

The developer has so far not produced a guarantee for our deposit and wants us to change to a development that does have a guarantee in place

They refuse to give us our deposit back on the basis that they will build Granada Greens at some time in the future.

I think they have no intention of doing so.

Peninsula are a load of rogues in my opinion if they had any credibility at all they would refund depositors who are clearly not going to get the development they chose over 2 years ago.

Bill

Community thread: Bank Guarantees

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