The delays to gaining construction funding due to the Global Recession seem to be coming to an end, Chris Shorter said " we have been informed that our stage one Due Dilligence has been completed and we can now go forward to agree contract terms and conditions " we hope to be able to commence the ground works in early 2012.
Following on from the approval of the Architectural detailed drawings by the chamber of Architects for Milas the Lagoon View development Directors have instructed a geophysical ground survey to be carried out on the site, this survey provides the structural engineers details of the rock sub strata which then enables the engineers to acurately determine the density and deflection of the new conctrete frames which will become the skeleton of the Villas and Apartments.
This exiting new instruction means we are one step closer to actually starting the overall project on site this year.
Lagoon View Development`s Architect Sinan Aturkali recently submitted the final construction scheme drawings to the Milas local chamber of Architects for approval, the Lagoon View team are very pleased and proud to announce that all of our drawings submitted to the Mila chamber of Architects have been approved and the appropriate certificates issued, we will be posting scans of the approved certificates on to this webb site later on this week.
The final step now for Lagoon View is to sign off the mechanical, Electrical and Public health drawings being finalised by Mike Carter of Project Co-ordination UK,we can then apply to the Municipality of Bodrum for our Construction Licence to commence works on the site.
After many months of researching the financial markets for the right construction funding partner Lagoon View Developments Turkey has agreed terms with First National Finance Ltd as financial partner for our first development in Turkey.
First National Finance have confirmed that Lagoon View at Tuzla near Bodrum Turkey has been approved for construction funding by their financial panel, Subject to the agreed valuation of the development site we now anticipate being able to start on site at the end of August or the begining of September 2010. Being able to prove to our puchasers that Lagoon View has the finances in place to construct the whole development within an agreed time frame has been the priority of the owners, each purchaser will be given a copy of the construction finance agreement between Lagoon View and First National Finance and a second charge over their selected property once their deposit is paid providing investment security.
Graham Wright and Chris Shorter the two principle owners of the site said " we are extremely pleased that First National Finance Ltd will be providing the construction funding for Lagoon View,we intend that Lagoon View will become a brand which will be recognised as a sign of value and quality in the competative holiday homes Investment market " Graham and Chris would like to formally thank the Lagoon View professional team for helping to make this exciting project a reality.
