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  • FIRST POST
    • ashpan
    • By ashpan 13th Sep 17, 6:49 PM
    • 189Posts
    • 24Thanks
    ashpan
    MBI and Northern Powerhouse Developments
    • #1
    • 13th Sep 17, 6:49 PM
    MBI and Northern Powerhouse Developments 13th Sep 17 at 6:49 PM
    i invested in a care home development company a couple of years ago, then known as MBI Property Investments, but now known as Northern Powerhouse Developments. I Purchased a room in an off-plan care home with the idea of a return on my investment commencing in december 2019. They have recently written to me saying that the company has now been split into 3, with the care home i was investing in being transferred to a leisure company that speciaised in selling hotel rooms. They have told me that they plan to sell the care home i invested in as soon as its built as the new CQC guidelines mean that the size of the rooms wont make it financially viable. I have three choices currently, transfer my investment to a hotel room in the next 4 weeks and they will add another 10k to the investment and i will get my returns 12 months early, leave the money in the off plan care home or sell my room in the hotel once ive purchased it. Im pretty confused and disappointed with the whole situation as how do i know that they wont again change things when the time comes to realise my investment. I need to know if i can get out of this as they havent kept their side of the deal ie by constructing a care home and having my room up and running to be able to offer me a return on my investment.
    Has anyone else invested in either MBI or Northern Powerhouse Developments ?
    Last edited by ashpan; 13-09-2017 at 6:54 PM. Reason: spelling
Page 10
    • Kesie
    • By Kesie 20th Oct 19, 3:38 PM
    • 2 Posts
    • 0 Thanks
    Kesie
    NPD_Investor: I would appreciate it if you could post a link to the facebook group that you alluded to.
    And thanks for the updates: I am a fellow investor who was unable to attend the Duff and Phelps meeting in London.
    • npd_investor
    • By npd_investor 20th Oct 19, 5:24 PM
    • 21 Posts
    • 5 Thanks
    npd_investor
    NPD_Investor: I would appreciate it if you could post a link to the facebook group that you alluded to.
    And thanks for the updates: I am a fellow investor who was unable to attend the Duff and Phelps meeting in London.
    Originally posted by Kesie
    The closed facebook group is: Northern Powerhouse Developments - Investors. If you send a request to join and provide your investment details one of the administrators will accept your request.
    • Kesie
    • By Kesie 21st Oct 19, 1:19 PM
    • 2 Posts
    • 0 Thanks
    Kesie
    Thanks for your assistance npd_investor: much appreciated.
    • daniela1961
    • By daniela1961 11th Nov 19, 2:35 PM
    • 1 Posts
    • 0 Thanks
    daniela1961
    i bought in Sandycroft
    I think I'm in the same boat. What are you doing regarding this ?
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