The Hamburger Fondshaus issued investments in the Forest Lakes Country Club in the Canadian province.
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Düsseldorf Oh how beautiful is Canada! The country in the far north captivates with idyllic landscapes, breathtaking nature – and is a “stable market for investments”. The fund house Steiner + Company Investments in the luxury resort Forest Lakes Country Club courted. It promised investors in the real estate investment a return of six percent per year. A lucrative business – at least on paper.
It is now clear that the country club in the province of Nova Scotia has failed, the project developer is broke. The relationship with former business partners – including those from the Engel & Völkers AG real estate agency – is disturbed. The supposed top-yield project turned out to be an expensive million dollar grave on the backs of investors from all over the world.
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