As you know, the Sua Casa team does not manage the White Sands development on Boa Vista. However, we have been asked to make the following information known as widely as possible, so we are sharing this on the Sua Casa portal:
The pandemic, as well as hitting active resorts, effectively stopped the development of the White Sands development on Boa Vista. We know there is great demnand for a resort of this nature amongst both tourists and tour operators, so TRG are working hard to re-start the development.
However, for those investor who have backed this development, everyone at TRG recognises the delay is painful.
We realise that for those who hold off-plan ownerships via fractional companies in teh UK, TRG is committed to reducing this cost of investment for you. Each year, the LBG companies require accounts and confirmation statements filing. There are approximately 250 companies affected, and each one costs about £200 per year to manage; a total of £50,000. The cost of this would normally be covered from the rental income earned. However, recognising the pain caused by the delay, TRG has arranged to cover this cost and has organised the filing of conformation statements and accounts for these companies which is now taking place.
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