Buying a flat? Want to know who built it?
It is a reasonable request to identify the developer who is responsible for constructing the accommodation in which you intend to invest your life savings.
Considered purchasing a seafront flat? Maybe in Ramsgate?
Well, SFP Venture Partners Ltd is (supposed to be) building 100+ flats on Ramsgate seafront. It is a fantastic position facing south, overlooking a sandy beach, adjacent to the only Royal Harbour in the UK and views of the English Channel.
Sounds idyllic, but who is the developer?
A 20 page marketing brochure and a 16 page specification brochure say nothing about the developer of the project. This is surprising considering they are supposed to be an international company with developments as wide as Dubai and Ipswich.
A front company SFP Ventures (UK) Ltd is supposed to be constructing the building but that company was only formed in 2006 and the agreement and planning permission for Royal Sands goes back to 2002-3 when SFP Venture Partners Ltd (SFP) under the guise of Société Financière Privée SA (SFP) (A Swiss based stockbroker, now defunct) secured a long lease on the development site
The Royal Sands website states the “Developers for the Royal Sands development are SFP Ventures (UK) Ltd a UK based Commercial and Residential Development Company with experience in mixed schemes in both the UK and overseas” A Company Check shows that company is worth exactly minus £3399, also an internet search finds no previous developments.
So if any SFP Venture Partners Ltd directors are reading this and I KNOW you are local,
RAMSGATE has no confidence in your track record or ability to deliver.
The message is “COME CLEAN IF YOU WANT THE FREEHOLD OR RETIRE GRACEFULLY AND LET A “REAL” DEVELOPER TAKE OVER.