Parking Investments
Discussion
Eric Mc said:
Ready for the Google Aerocar. .I'm sure they are working on it.
I'm disappointed the OP hasn't been back trying to flog his car park spaces - or at least to admit that's what he was trying to do. Not only does he share the same first name as the director of the parking company, and live in the same town - but his previous posts from a few years back suggest that he worked in car finance. As did the director of Park Place Investments from 2009 to 2011.
anothernameitist said:
^ not really got a big posting history if you look at his profile!
Indeed, which makes it even more odd that he wanted "financial advice" from here.On the other hand - if anybody doesn't believe they are one and the same person, that's probably the kind of "investor" he's looking for!
walm said:
Rangeroverover said:
Genius, had to provide parking to please the planners, nobody said they had to provide access...........
Brilliant.And yet people STILL claim that council planning departments aren't full of incompetent NIMBYs.
Rushmoor BC are as frustrated by this as the residents who's car park this is.
davek_964 said:
Indeed, which makes it even more odd that he wanted "financial advice" from here.
On the other hand - if anybody doesn't believe they are one and the same person, that's probably the kind of "investor" he's looking for!
The initial responses to the cynics by the OP had the flavour of a boiler room salesman's pitch when questioned.. lots of stuff about regulators, kosher valuers, solicitors etc but all the ones I've had dealings with end up by putting the phone down. I hope but doubt that we'll hear any more from the OP - he's probably taken our advice and is looking into fine wines or rare earths instead. Note legal peeps, I have never said and am not now saying that the OP is anything other than a regular, if touchingly naive PH finance forum investor who has spotted a fabulous opportunity and is just repeating what he's heard from dodgy salesmen.On the other hand - if anybody doesn't believe they are one and the same person, that's probably the kind of "investor" he's looking for!
Bamboo. Fantastic guaranteed returns. Can't go wrong. Obviously the returns are only guaranteed for a couple of years and there is never any bamboo in the first instance but what you've got to look at is that for the first two years you get a really good return on the £30k you've just lost. A bank can't match that. They'll offer pathetic returns and will even let you have all your money back at any time. Scum.
DonkeyApple said:
A bank can't match that. They'll offer pathetic returns and will even let you have all your money back at any time. Scum.
Mind you, compared to some of the dealings which have and continue to come to light from most of the banks and other financial institutions, many major accountancy firms and legal firms too, this chap and his cronies' scams are like kids pilfering sweeties from the corner shop.
Eric Mc said:
To be fair to Rushmoor BC (who are actually fairly competent as local authorities go), the planning permission was granted in the expectation that Phase 2 of the development would commence as soon as Phase 1 was complete. The access to the car park was part of the Phase 2 construction. However, the landowners (St Modwen - a Saudi outfit) have not started Phase 2 yet - five years after they completed Phase 1.
Rushmoor BC are as frustrated by this as the residents who's car park this is.
Granting planning permission with the "expectation" of something sounds like a completely typical "not our fault guv" response that you get from civil servants who can never admit mistakes.Rushmoor BC are as frustrated by this as the residents who's car park this is.
It's pretty simple - don't "expect" anything from a for-profit outfit who has a MASSIVE exposure to a highly volatile commodity market, in this case oil.
Giving permission with no penalty for just failing to do Phase 2 sounds like EXACTLY the sort of moronic behaviour you get from planning departments.
If there were penalties then there is no cause for complaint and that money should be going to sort out alternative parking arrangements, but I doubt there were!
RS6 see you said:
".........I wish I never even bothered putting this on here!
I expect that Park Place Investments might think the same - interestingly, today, some 48 hours after the OP's post their website now says that their investments "fall outside of the FCA remit ..... and [that of] the property ombudsman...." Perhaps one of the directors of PPI (unfortunate set of initials) reads PH Finance forum and has decided it wasn't such a good claim to make or perhaps the property ombudsman got in touch with PPI and told them not to claim they were regulated by TPO?
I wonder if the Royal Institute of Chartered Surveyors "independently value" the investments as the website also suggests? I suspect that the Institute itself doesn't - perhaps someone from there reads PH finance too - though of course a surveyor who is a member of RICS may have done some valuations. Watch that "space" (geddit!).
PS, how much does it cost to become a Group First agent? http://www.groupfirst.com/become-an-agent.php
Edited by Revisitph on Wednesday 6th April 19:08
Edited by Revisitph on Wednesday 6th April 19:27
walm said:
Granting planning permission with the "expectation" of something sounds like a completely typical "not our fault guv" response that you get from civil servants who can never admit mistakes.
It's pretty simple - don't "expect" anything from a for-profit outfit who has a MASSIVE exposure to a highly volatile commodity market, in this case oil.
Giving permission with no penalty for just failing to do Phase 2 sounds like EXACTLY the sort of moronic behaviour you get from planning departments.
If there were penalties then there is no cause for complaint and that money should be going to sort out alternative parking arrangements, but I doubt there were!
Maybe there were penalties. I don't know. There ARE alternative parking arrangements in place. Parts of a multi-story car park, which has been completely refurbished as it is linked to a new cinema, has been made available to the flat residents until the other car park becomes accessable.It's pretty simple - don't "expect" anything from a for-profit outfit who has a MASSIVE exposure to a highly volatile commodity market, in this case oil.
Giving permission with no penalty for just failing to do Phase 2 sounds like EXACTLY the sort of moronic behaviour you get from planning departments.
If there were penalties then there is no cause for complaint and that money should be going to sort out alternative parking arrangements, but I doubt there were!
St Modwens have their own problems at the moment too in that they are having difficulty in attracting restaurants into the new complex they have just built. So far only one has opened (Prezzos). The re-development of the centre was 20 years in the planning and Phase 1 opened for business just after the recession hit (2010).
St Modwens own the centre because in the 1980s, the councils were forced to sell much of their land assets due to budget caps so I'm not going to be too hard on Rushmoor.
te.
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