Birmingham Colleage House investment distressed

UNPeople

This investment project (in 2013) is about student accommodation in Birmingham, similar to many other student accommodation projects in the market. It provided 9% annual returns guaranteed for 2 years through lease back. But after that period, the return dropped drastically down to 2%-3%. I am looking for other investors in the project with the same experience or in similar project to exchange experience and/or to group up and find solutions.

dunstonh

This investment project (in 2013) is about student accommodation in Birmingham, similar to many other student accommodation projects in the market.

You mean doomed for failure from the start and to lose money?

DairyQueen

Presumably there was no fraud involved? If so, I am not sure what redress you are seeking other than sympathy for failing to undertake due diligence on a high-risk investment. There is no such thing as a free lunch and the risk/return ratio of any investment is a matter of free choice.

AnotherJoe

UNPeople wrote: »

This investment project (in 2013) is about student accommodation in Birmingham, similar to many other student accommodation projects in the market. It provided 9% annual returns guaranteed for 2 years through lease back. But after that period, the return dropped drastically down to 2%-3%. I am looking for other investors in the project with the same experience or in similar project to exchange experience and/or to group up and find solutions.

I apolgise for the harshness of this response, but the solution is to wise up.

Which you obviously haven't done yet, still regarding this as something that could have provided the return, when it fact it was never going to and you were suckered in. You are lucky to be getting 2-3% I suggest you get out now if you can find some other mug to buy it and consider it to be a harsh lesson in your gullibility.

Malthusian

This is an obscure unregulated investment that no-one on this forum would have been suckered into, and you are very unlikely to find other investors in it here.

I suggest you write off the money and treat anything recovered as a bonus.

TadleyBaggie

Seems they also bought into the GWD Forestry "investment" according to their other post. Lightning does strike twice.

Alexland

TadleyBaggie wrote: »

Lightning does strike twice.

The problem with high risk schemes is that they can look like a success for a few years while rent, interest, etc is being paid even if it is just the return of some of your own capital. During that period it must be tempting to go out and seek more alternative schemes to sink your money into in the hope of diversifying and expanding your 'investments'. Then when the pennies start dropping you find yourself owning lots of different almost or completely worthless assets.

webjaved

TadleyBaggie wrote: »

Seems they also bought into the GWD Forestry "investment" according to their other post. Lightning does strike twice.

Ouch! :wall: - it's best that research is done on these so scams before parting with any money. Never go in to something with a blindfold on.

AnotherJoe

TadleyBaggie wrote: »

Seems they also bought into the GWD Forestry "investment" according to their other post. Lightning does strike twice.

OMG and still the penny hasn't dropped. Though I suppose, statistically that if you are gullible enough to fall for one of these type of scams you are more likely to fall for others. There was a poster on LC&F who had also bought into something like forestry as well.

Prism

Or this is someone looking to provide assistance for desperate people affected by either 'investment'

Reaper

Some harsh responses. Remember the salesmen are good at what they do and there are plenty of naive, trusting people out there.

There is a cycle. The current hot topic will arrive - Forestry, Carbon Credits, land "about to be given planning permission", ostrich farms or whatever.

For a couple of years they suck in money while giving the appearance of progress then it goes bad. The people behind it move on to the next hot topic and repeat. Judging by the threads that have started appearing here student accommodation is the next one to start entering the fallout period.

The message to take away is never to invest in an unregulated company (unless you are very rich, extremely knowledgeable, and a willing to lose everything).