Work on €1.8bn resort to go ahead

The developer of a €1.8 billion resort in Cape Verde has insisted that building work has started on the project, despite moves from some investors to recover money they put into the project.

Ian Kehoe - avatar

Ian Kehoe

17th April, 2010

The developer of a €1.8 billion resort in Cape Verde has insisted that building work has started on the project, despite moves from some investors to recover money they put into the project.

Flash Developments, which is headed by Ciaran Maguire, has received deposits from more than 200 Irish and British investors for apartments and villas in the planned Palm View resort.

Following a 16-month delay in the project getting full planning permission, a number of...

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