All Topics / Overseas Deals / Anyone heard of Global Land Bank

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  • Profile photo of komarikomari
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    @komari
    Join Date: 2005
    Post Count: 23

    I have been cold canvassed by Global Land Bank about purchasing shares in a consortium buying undeveloped land in Chestershire in UK. Has anyone heard of them? – good bad or indifferent, I don’t care.

    Many thanks,
    Kylie.

    komari

    Profile photo of L.A AussieL.A Aussie
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    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488
    Originally posted by komari:

    I have been cold canvassed by Global Land Bank about purchasing shares in a consortium buying undeveloped land in Chestershire in UK. Has anyone heard of them? – good bad or indifferent, I don’t care.

    Many thanks,
    Kylie.

    komari

    There has been a lot of comment about a Land Banking scam by a guy named Steven Jeeves on the Neil Jenman website. I can’t remember his (Jeeves) company’s name. I just tried to load the site but had a problem with it.

    Basically, the company sells very cheap agricultural land to overseas investors (locals are a wake-up to it), with the hope that one day it will be re-zoned for use as residential land. Of course, that never happens and you lose your dough.

    The company you are talking about may be ligitimate, but basically I would be very, very careful.

    Cheers,
    Marc.
    [email protected]

    “we get sent lemons; it’s up to us to make lemonade”

    Profile photo of v8ghiav8ghia
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    @v8ghia
    Join Date: 2005
    Post Count: 871

    Mmmmm. Sounds very high risk. If you have money to burn and don’t need it back for a few decades and it is legit…………but….on the other hand a night in the casino will cost you less [biggrin] .

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