Information about the Development of the Forest Lake Country Club Investment Nova Scotia Canada

Engel & Völkers Resort GmbH, Hamburg, Germany Investors have 100 Mio EUR lost in Forest Lake (Source: Licensed Partner of Engel & Völkers AG, Hamburg

Investor: Terra Firma Development Corporation Limited TFDC (insolvency declared)
This was the contractual partner of Engel & Völkers Resort GmbH, Hamburg.

Handelsblatt (Germany):

"Total loss instead of mega return: Investor scandal worth millions weighs on brokerage firm Engel & Völkers A real estate project in Canada was brokered for years under the brand of the top brokerage house. Now the developer is broke, instead of a luxury resort there is only a piece of forest."
- See here the full article-

The Forest Lakes Country Club is the premium, four-season luxury lifestyle resort set on 1713 acres of land near Halifax, Nova Scotia, Canada. ABLE Engineering has been involved in the design and inspection of roads and site planning since 2012 and provided inspection services for the construction of the first road. Since then we have seen over 1o km of subdivision road designed and constructed from one end of the development to the other. We are presently consulting on environmental design for the 18 hole golf course and detailed planning for a 60 unit residential neighborhood. (Source: )

Trustee of the Insolvency proceeding of Terra Firma Development Corporation Ltd. TFDC, Halifax:

MNP Ltd. J. Eric Findlay, CPA, CIRP, LIT, Senior Vice President

Information from 12th November 2020