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 Post subject: Built on Sand?
PostPosted: May 28th, 2013, 12:23 pm 
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Joined: January 20th, 2008, 1:32 pm
Posts: 439
The FT has a piece today about the arrest of Fitzsimmons in Senegal but at the end it says:

"British investors duped into putting down deposits for apartments are trying to recover their money through lawsuits. Italian officials said there was a possibility they would get back some of their funds now the resorts were under the management of court-appointed administrators who, in some cases, might continue developing them. Others, literally built on sand, will probably have to be torn down."

Any idea which are the developments 'built on sand'?


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 Post subject: Re: Built on Sand?
PostPosted: May 28th, 2013, 6:10 pm 
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Joined: February 26th, 2008, 9:40 pm
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Great article....my suspicion would be the beachfront properties at Jewel of the Sea....


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