-----Original Message-----
From: Robert Coomber
Sent: 22 March 2007 12:05
To: '[email address]'
Cc: Cathy Gallagher; Michael Jordan; Marilyn Smith; Brendan Tinney; Myfanwy McNally
Subject: RE: Concorde Village (Profitable Plots Pte Limited)

Thank you for drawing this to our attention. We were aware of the matter, but are now considering whether any further action is required

Robert Coomber
Central Area Manager
London Borough of Hounslow
Borough Planning Office
The Civic Centre, Lampton Road, Hounslow TW3 4DN
Direct line: 020 8583 4995
Fax: 020 8583 4900

-----Original Message-----
From: planning comments
Sent: 22 March 2007 10:20
To: Robert Coomber; Marilyn Smith; Brendan Tinney; Myfanwy McNally
Subject: FW: Concorde Village (Profitable Plots Pte Limited)

Richard Milbank
Technical Support Officer
London Borough of Hounslow
Tel: 02085834940
Fax: 02085834900

-----Original Message-----
From: PropertySCAM [mailto:[email address]]
Sent: 21 March 2007 15:52
To: planning comments
Subject: Concorde Village (Profitable Plots Pte Limited)

Sirs,

We are the Sale of Countryside Awareness Movement - founded in Majors
Green, Worcestershire in 2004 in response to the subdivision into small
plots and sale of green belt land adjacent to Majors Green.

Since 2004 we have operated the PropertySCAM web site
(www.propertyscam.org.uk) and it has become a popular destination for
people who have either bought investment plots or are contemplating such
purchases.

You may be aware that a number of companies which have operated in this
market, often known as land banking, have been or are in the process of
being compulsorily wound up by joint FSA/DTI action having been found to
be operating Collective Investment Schemes without FSA authorisation - a
criminal offence under the Financial Services and Markets Act 2000.
These include United Land Holdings, Land Heritage (UK), Rubicon Estates
and Property Spy.

Recently we have had a number of enquiries from people in Singapore
looking to invest in "Concorde Village". The attached PDF brochure
describes the offering.

Profitable Plots Pte Limited of Singapore have acquired a site on the
South side of Ashford Road and West side of Chertsey Road, Feltham,
apparently from Taylor Woodrow who acquired it from BP who, in turn,
acquired it from Greenham Sand & Ballast Company Limited, and are
selling plots of this site at prices starting at Ł5,625. Plots are quite
small (less than 1/10 acre) so the whole site, split and sold this way,
could net nearly Ł50M - somewhat more than the c. Ł3M apparently paid
for it by Profitable Plots just 6 months or so ago.

Part of their sales pitch (other than the attached PDF which makes a
number of very bold claims about Hounslow Policy, land values and so on)
is that the eventual developer of the site has already been decided - it
is apparently to be Taylor Woodrow. This seems an odd way for Taylor
Woodrow to go about developing a site which they originally owned - to
sell it to a speculator who, in turn, sells it off in small plots to
private investors, only to buy it back a few years later for a
considerable multiple of the price they originally sold it for!

We wonder whether Hounslow Council has an official position on this
matter, or whether you would be prepared to make some form of public
statement?

There are precedents for this. Braintree District Council recently
published a substantial rebuttal of the claims being made by a land
banker in support of plot sales at a site in Sible Hedingham:

http://www.braintree.gov.uk/Braintree/planning/WarningreInternetLandSaleSchemes.htm

That land banker was also an offshore company, Hambrook and Greenstock
based in Switzerland, and they are now in voluntary liquidation,
apparently following FSA action against them.

--
PropertySCAM
http://www.PropertySCAM.org.uk

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