Murdeira Beach and Murdeira Bay Property
Murdeira Phase 111 proposed extension south
The third phase of Murdeira development which brought together
four Irish investors who own two thirds with Cape Verdean investors.
Two of the Irishmen are niow suing the other two in the Irish commercial
court. Zinho Fonseca of Turim and Jose Spencer Lima of Editur who
pulled out to be replaced by Jose Texeira fromerly of Tecnicil,
are the local end. Only land clearance has been undertaken, Two
of the Irish investors have sued Tom Sheehy and another Irish partner
in the Irish Commercial Court for €11.8m. This has placed the
project in some jeopardy.
A Cape Verdean hotel manager Jose Martins was recruited from the
Djadsal to run Murdeira Beach for Tom Sheehy in Sal and his Sao
Vicente developments. Zinho Fonseca has acquired a second Hummer
from the project funds. The small marina due to built at Murdeira
Bay has been cancelled as an ecological threat..
Work ceased. Irish Court awards €11.8m claim by partners
Z from Essex has lost confidence in Murdeira Beach III
"I paid the €1000 reservation in August 2007 for a 3 bedroom 3
bath duplex. Since then, I have found the developer particularly
poor at communication, and at arranging my mortgage. They have had
staff turnover and been incompetent. They have not asked me for
any more money and have only once asked me to sign the contract.
Whilst I think the original deal and concept is fantastic and I
am sure that this will prove a very good investment, I decided to
pull out as I just don't trust them. "
I from Cork is one of the backers of Murdeira Beach III.
"I have invested over€750,000 with Cape Verde Developments.
Another investor in Cork was approached and asked for more money.
He he has put in over €1m. Now they have a cash call. I did
not realise I was part of a group of investors till the other day
and apparently I will have a cash call also.
M from Birmingham fears that she has lost her investment in Murdeira
Beach III
"Bought in 2006 , have paid €280,000 so far, We have contacted
Cape Verde Development and it looks like it is all over. We will
probably never see our money again . I never get involved in my
husband`s dealings , as I trust him in whatever he does , this was
a sort of retirement present for both of us "
P from Manchester believes she has lost everything in Murdeira
Beach III
"Has anyone any idea what's happening with CVD's Murdeira
Beach complex? After reading the posts about Paradise Beach I don't
think I'll ever be sitting in my apartment in Murderia Beach sipping
a nice cold beer!! Money down the drain methinks!!"
A from Dublin wants a ginger group
"I think we are all now very concerned re our investments in Murdeira
and Paradise beach. I am going to set up a group in Dublin , with
a web site . I have personally invested heavily in both projects."
Murdeira Sands. Murdeira Bay
This will be further to the north of the existing Murdeira Bay
resort, further out towards Monte Leao. A Scottish company is seeking
planning approval for 106 villas and apartments from studios to
three bedrooms.Vila do Sol, Murdeira Bay
Tecnicil which is building Vila
Verde has plans for another development of villas and apartments
starting just to the north of Murdeira on the bayfront and along
the Highway also partly under the flight path into Amilcar Cabral
airport on Murdeira Bay. It is known as Vila
do Sol
Porto Murdeira near Monte Leao
The Russian Tomka Group plans to develop the area at the foot of
Monte Leao with a marina and golf course. It is called either Porto
do Sol or Rosa del Mar.
