Wednesday 18 January 2012

Reply from Ciaran Maguire relating to PCI

Reply from Ciaran Maguire relating to PCI

When reading Ciaran's reply to our recent post you should bear in mind that he actually ignored our email on the subject some months ago completely, as well as a second one a month later, which was the reason we published the post in the first place. It now seems that he is, once again, anxious to engage in communication, but as usual, only on his own terms.

Ciaran claims that the Boa Vista development is due to complete in May 2012, to the best of our knowledge this is the fourth such completion date so far - all previous ones have obviously been missed. We would hope, in fact for all investors involved we would pray, that the same will not happen with this one. 

We have acceded to his request to remove the picture of the brochure for new development the company is launching in Fond Bay, St. Lucia. 


Email is reproduced exactly as received. 

"You sent me an email a couple of months ago asking about PCI. I told you the exact situation and that my Company had terminated all interests with PCI and took the time to go into the exact details and yet you did not mention any of that on your recent post, you use an old quote and have married it to our new Palm View development in St Lucia. You have always claimed that you give an honest assessment but to me that’s low and a complete misrepresentation of the facts, you know we have nothing to do with PCI and yet you convey a different picture.

A balanced version would show my recent reply to you regarding PCI. For some reason the expansion of my Company really bothers you. You questioned if my company would deliver Palm View, Cape Verde and we are set for completion in May with the project sold out. (all of this done in the worst economic climate on file) The loan syndicates we work with have deemed CMG to be one of the fastest growing real estate development companies in the sector today and subsequently we have the credit facility in place to commence construction on the new Palm View Golf Resort, St Lucia and the Palm View Spa Resort in the Grenadines.

I honestly don’t know what I ever did to cause the personal vendetta you have for me, but I take great pride in the fact that we now employ 22 people in Ireland and hundreds of people in construction overseas and will endeavour to create more opportunities for employment in times when this country needs them more than ever. I would ask that you give an honest reflection on the story; you have always posted my responses but not this one, strange.

On a final note I would like to bring to your attention an interpretation of Ireland in which it suggest of Ireland that "begrudgery is a national sport" and "The Irish are fatalist and pessimistic to the core"

It is sad to say that people are more interested in writing a negative story anyway who knows maybe one day I will be surprised by the media in this country, who have brain washed people into thinking that the glass is always half empty.

Will you please take down the picture of the launch of our new development while running a piece on PCI as they are not linked in any way and they never were and you are suggesting it is. It really is unfair and unethical, if you could do that I would very much appreciate it.

In the meantime, best of luck with everything.


CiarĂ¡n Maguire
Chairman & President
CastleBaggot House,
Dublin 22.

Ph: +353 1 6251542
Ph: +353 1 6251544

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