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A once successful development on the west coast of Barbados near to the world-renowned Mullins beach is rumoured to be bankrupt. Title to the homes, completed almost a year ago, cannot be transferred to owners due to a legal complication. The bank is out of pocket and the developers do not have the means to pay for monthly payments.
This bankruptcy also complicates the plans for the Banyon Tree hotel and resort, the two developments are linked as the water required to grow and nourish the planned golf course at the Banyon Tree was to come via a desalinisation plant located at Battaley’s Mews.
If anyone has any confirmation or further news, please post it up in the comments…