About

The Sambala development project has caused misery, stress and anguish for hundreds of individuals for over a decade; property owners and investors, suppliers, contractors and former employees.

In July 2020 Sambala Investimentos S.A was ruled insolvent by the High Court. This landmark decision was a game-changer for all long-suffering parties and has finally established the rule of law within the Village site of 14 Hectares following the formal appointment of the Insolvency Receiver.

We have been fighting the good fight and helping over a hundred private property owners since early 2014 when Sambala totally ran out of cash and abandoned the Village site. Initially as CVPS and now as Ponta Sambra.

With our new name comes a new objective: to make the Village fully operational, a long held vision which is now possible given the rule of law established by the Insolvency.

To achieve that objective we have created a Step-by-Step plan based on our experience and understanding of the Village. This plan has been enhanced with the assistance of an Owners Steering Group and is fully supported by SiiG, their commercial and legal advisors and the local Municipal Authorities.

This considerable support is because our Step-by-Sep Plan is lawful, tangible, realistic and focussed on providing all property owners with value from personal holiday use, rental income and rising property prices. You can read a summary of our Step-by-Step plan here.

Importantly our Step-by-Step plan is also supported financially and strategically by the Miranda Credit Claim Group (MCCG). This is a unified body of 230+ individual Sambala creditors and includes over 100 property owners.

The MCCG represents over 70% of creditor votes on all formal Insolvency matters and therefore controls the future direction of the Village and all subsequent phases within the wider surrounding tourism land assets. Find out more about the MCCG here.