Around 150 people who shelled out thousands for deposits on off-plan apartments at Salford Quays are still left in limbo four years after they were supposed to be built.
Furious investors are rejecting a request from developer Fortis to surrender the leases for which they each paid about £100,000 - 50 percent of the asking price of the apartments - to convert them into loans.
The apartments in two blocks should have been completed in 2018 after investors from across the globe bought them off-plan. But all that remains on the site are empty shells.
In a letter to the out-of-pocket leaseholders of the 'Herreshoff' and 'Danforth' buildings, Fortis says the deal would allow the funds to become a loan "enabling us to obtain a new planning consent and build out a new project".
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