Andy Onchan Posted October 22, 2018 Share Posted October 22, 2018 I'd be interested to see the sellers bank due diligence reports on the sale of these properties.... a not insubstantial amount has changed hands (IOM-wise) within the last few weeks. Link to comment Share on other sites More sharing options...
Moghrey Mie Posted October 22, 2018 Share Posted October 22, 2018 3 hours ago, Non-Believer said: So who are the Tevir Group, where have they come from, what's their motive and long term aim? Build a car park. Link to comment Share on other sites More sharing options...
Neil Down Posted October 22, 2018 Share Posted October 22, 2018 4 minutes ago, Andy Onchan said: I'd be interested to see the sellers bank due diligence reports on the sale of these properties.... a not insubstantial amount has changed hands (IOM-wise) within the last few weeks. As this is their third substantial purchase, the funds must be there and bank satisfied. Or at least you would hope it is. Link to comment Share on other sites More sharing options...
Andy Onchan Posted October 22, 2018 Share Posted October 22, 2018 2 minutes ago, Neil Down said: As this is their third substantial purchase, the funds must be there and bank satisfied. Or at least you would hope it is. I'm sure the funds are in the sellers' bank account... but where has it all come from to fund these purchases? Link to comment Share on other sites More sharing options...
Neil Down Posted October 22, 2018 Share Posted October 22, 2018 1 minute ago, Andy Onchan said: I'm sure the funds are in the sellers' bank account... but where has it all come from to fund these purchases? Depending on where the accounts are held, rigid due dilligence would have been applied to the kind of money changing hands here. Receiving banks just don't take large amounts without necessary back up these days. The penalties are too severe (and rightly so) Link to comment Share on other sites More sharing options...
Non-Believer Posted October 22, 2018 Share Posted October 22, 2018 On 10/4/2018 at 2:24 PM, Roger Mexico said: To drag the topic back on course, it's interesting how little evidence of this Tevir Group there is online isn't it? You's expect something with 'group' in its name to be ... well more group-y. Perhaps a corporate website filled with mission statements and other business bullshit. Instead there's just the very recent (31 August) incorporation already mentioned, a presumably related February incorporation for Tevir Properties (IOM) Ltd, and a Linkedin for someone called Steven Malone who is Financial Controller at Tevir Group. Newsnight has updated his blog piece about the recent ownership history of the Castle Mona with the latest information and points out that the registration of the property hasn't been updated - as it should legally have been if it was sold in May. As per Roger Mexico's above post though - this "relatively" unheard of group with little background information has suddenly rocked up and is buying £Ms of long term run down local real estate and assets. Perhaps the local market has "bottomed out" and they're snapping up bargains. Although it's highly commendable if they can do something constructive with them. Link to comment Share on other sites More sharing options...
Uhtred Posted October 22, 2018 Share Posted October 22, 2018 34 minutes ago, Andy Onchan said: ...but where has it all come from to fund these purchases? Six Chinese banks perhaps. Link to comment Share on other sites More sharing options...
Gizo Posted October 22, 2018 Share Posted October 22, 2018 58 minutes ago, Neil Down said: As this is their third substantial purchase, the funds must be there and bank satisfied. Or at least you would hope it is. Castle Mona, Villiers remind me what the third purchase is? Link to comment Share on other sites More sharing options...
Andy Onchan Posted October 22, 2018 Share Posted October 22, 2018 3 minutes ago, Gizo said: Castle Mona, Villiers remind me what the third purchase is? Zurich building in Athol Street?? Link to comment Share on other sites More sharing options...
Neil Down Posted October 22, 2018 Share Posted October 22, 2018 43 minutes ago, Gizo said: Castle Mona, Villiers remind me what the third purchase is? Do keep up at the back... Link to comment Share on other sites More sharing options...
woody2 Posted October 22, 2018 Share Posted October 22, 2018 it certainly smells...... Link to comment Share on other sites More sharing options...
Neil Down Posted October 22, 2018 Share Posted October 22, 2018 4 minutes ago, woody2 said: it certainly smells...... what does? Link to comment Share on other sites More sharing options...
Uhtred Posted October 22, 2018 Share Posted October 22, 2018 2 hours ago, Neil Down said: what does? Woody just reporting on his personal hygiene there. Link to comment Share on other sites More sharing options...
woody2 Posted October 22, 2018 Share Posted October 22, 2018 2 hours ago, Neil Down said: what does? the damp..... Link to comment Share on other sites More sharing options...
woody2 Posted October 22, 2018 Share Posted October 22, 2018 9 minutes ago, Uhtred said: Woody just reporting on his personal hygiene there. #fakenews Link to comment Share on other sites More sharing options...
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