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PS Investor Welcome to the forum I find it interesting as a new member of this forum that you read through all the thousands of posts and happen to pick one that hasn't been active for months and months to respond to and pick on Metropole's service. I have a strong suspicion I know who you...

Why I took offence was because of comments such as

Wrappak. You may request the favour, but from your critical tone, I don't really think it is a favour you are requesting so I am not going to comply Again you are making many assumptions about what I included and what was ignored and what has transpired. For example holding costs were...

Very interesting analysis. To clarify some points. 1. the builder did work for wages and no profit margin - why? becuase he did me a favour as he was doing 2 other projects for us. 2. Sufficient profit margin was allowed if you were to hold on to the project and not sell and pay agents...

AL is right, there has been no communication between us personally about this post or any warnings or suggestions of any kind. I believe this forum is an educational forum and I would like to see this post proceed in that vein. To me it makes sense that it would benefit the community for...

Tony I am sure you want to understand what went on as a learning experince. That is one of the great things about this forum, we can all learn from each other. But I am not going to respond to your questions becuase they relate to a client's private business. If I were to answer your...

Dave I completely agree with you. Soil tests are critical. They are the first thing we organise before getting working drawings as they impact directly on the engineering for the property. I may have been flippant, but my point was that a soil test that is S or M or P will only slightly...

Of course you can put any clause in a contract of sale. The question is whether the vendor would accept it. The bottom line is, it is not a condition I have heard of being used or accepetd by vendors As we are involved in a lot of building jobs we tend to know the "general" soil conditions...

I'm sure that there are always 2 sides to the story. If you ask AL he may well have some minor gripes or think we should have done this or that. He has been very polite and correct and I believe that is the best way to be in a public forum. It would be inappropriate to be any other way. I...

In response to the request for more details and with AL’s permission I will give you a short précis of the project as I see it. If we all use this as an exercise in understanding how to do due diligence in development projects this could be a useful exercise. In January 2003 I found a...

There is clearly no dispute, I have been in contact with AL twice by email today and our property managers are still working for him as are our recommeded sales agents. Please don't jump to conclusions.Metropole has been around for a long time and is not one of the cowboys in the industry. We...

Yes Jamie I have read the post and have been tempted to reply. Of course I would like to explain the position further, but was loath to discuss someone else's private business. 2 days ago I drafted a post to the forum and emailed it to AL to get his approval to post it publically. As I have...

Metropole is much more than Michael Yardney and if I choked on a chicken bone it would carry on because I have painstakingly built a great team around me. I'm in many ways the figurehead here on the forum, but our clients know the rest of the team. There are 8 of us in the office and a heap of...

Mike I know Investment House well -their sales manager Salesh Channen is an old friend from when he lived in Melbourne. He and his boss Colin Ferguson came down and spent the best part of a day with us last year and wanted to "licence" our systems and documentation. We talked about a sort of...

Mike I was reffering to our range of development management services. These are detailed on our web site- www.metropole.com.au "Armchair developments" as you fondly put it are a small part of our range of services. Having said that, I still do not know of anyone else in Melbourne doing...

Sorry Perky We are currently not doing any developments in Sydney but with so many people asking....who knows???

Dave I am very sorry. You are correct. And I was wrong. My remarks were definatetly not aimed at you but at Mark - Capitalist who spoke to me on a few occassions. I knew who I was talking about - jsut messed things up a little ;) Thank you for the good comments and once again I apologise...

As you are talking about me or my company, there is not too much that I will say other than to correct Dave. He is right that we do everything for you, but he is incorrect that we charge 20%. We charge a fixed fee dependant upon how much value we can add and it is charged progressivley...