[realestatemart]

[QUOTE=andyharris;59804]

Originally Posted by simpywimpy

According to Philip Morris at LAW, the email I received from Yasser was untrue. As far as he is aware, this person has since been arrested for starting this whole this off in the first place.

All the due diligence for RB has been checked and signed by notaries and are in order. The translations for these were done by the British Embassy.

We are NOT buying from PHW, they are the main agents for First Leisure Ltd of whom Andy Harris is the director. The land at RB is owned by two Egyptians who are setting up a new company with Mr Harris. Mr Morris tells me that the two Egyptian gentlemen provided all the necessary documentation quickly for him on request and in his view, are the best he has dealt with in Egypt.

Personally, I am now happy to accept this as I frankly can't see what else can be done about it all. I have to say however, that I dealt with Mr Harris personally at PHW offices in Egypt and the first I heard of First Leisure was on this forum!

I hope I have all the above info correct - I have only just finished speaking to Mr Morris and wanted to get it all down asap.

Just to Clarify, Property-hotspots-worldwide is a trading style of first leisure and is also the sales / administration company in the UK, First leisure ltd in Egypy is the sales / development company in egypt. There is another company that has been set up as a special purpose vehicle for the Regency beach Development and other developments that are planned with the same partners, in order to make sure that no projects are cross financed.

We are currently coming to the end of the negotiations for the planning permission, unfortunately to do things 100% right it takes time in Egypt, we do intend to get it right for everyones benefit and we will have the best development here in Hurghada and the surrounding areas.

Thanks for all your positive comments

regards

Andy Harris

We all waiting Andy so contracts should be released next 10 days? or can't give a specific time plan for it?