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Morocco property Morocco, the farthest west point in the Arab world, is becoming a hotspot property investment destination. Investing in Morocco property involves researching the legal and ownership issues, taxation and rental options. Discuss and debate these issues with investors who have bought a property in Morocco and share your views and opinions

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  #1  
Old 22-01-2008, 04:28 PM
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Default Superior Worldwide
Has anyone bought from Superior who, I understand, have gone into Administration?
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  #2  
Old 22-01-2008, 04:59 PM
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Default Really!
Who told you that?
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  #3  
Old 22-01-2008, 05:09 PM
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Someone at AIPP! I have been trying to get hold of Superior for about 3 weeks now but the lines are now dead.
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Old 22-01-2008, 05:50 PM
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They were quite a big company, did you email etc? I know the owners, they are nice people. Maybe they were carrying to much cost. And it was time to pack up shop.

They were one of the first in international property.
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Old 22-01-2008, 07:31 PM
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I've e mailed and phoned. Everyone's gone.
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Old 22-01-2008, 08:22 PM
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can someone explain where this information has come from............Superior are an enormous operation with operations in many countries including Florida , Cyprus, Bulgaria etc...............Is it just the Moroccan arm that has gone bust and if so why???
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Old 22-01-2008, 08:54 PM
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Yes we heard the same today. We've known they were having problems for a while now - they owe the company I work for a fortune in unpaid commissions!
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  #8  
Old 22-01-2008, 10:00 PM
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I have received this statement



On Friday 18th January, the AIPP received the following message from the Chief Operating Officer of The Superior Real Estate Group Ltd.





MESSAGE SENT TO THE AIPP:



‘I am directed to advise you:
- the directors of Superior Real Estate have presented a Petition for an Administration Order to the Court on 16 January 2008, this sad situation is the result of non and delayed payment of substantial funds from international developers.

- it is expected that the Administration Order will be made on or before Thursday 24 January 2008, following which Paul Harding and Derek Howell of PricewaterhouseCoopers LLP will be appointed as joint Administrators of the Company.
- meanwhile, the Company has ceased trading and all employees have been made redundant.’
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Old 22-01-2008, 10:05 PM
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That is a bit sad, Superior were on of the companies, that had a level of ethics. I hope the staff find jobs quickly. good luck to them.
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  #10  
Old 22-01-2008, 10:18 PM
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Quote:
Originally Posted by Goldberg Global View Post
That is a bit sad, Superior were on of the companies, that had a level of ethics. I hope the staff find jobs quickly. good luck to them.
Not so sure I and all the other investors will agree with the above, when we stand to lose thousands of pounds!!!!!
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