FOR the second time this month, an Asia-based developer has purchased a prominent Victorian golf course, and is proposing to build a $55 million hotel, apartment-based complex and new 18-hole golf course, next door. An as-yet-undisclosed syndicate, which will be part controlled locally, is understood to have paid more than $7 million for the massive St Andrews Beach Golf Course and Resort, on the Mornington Peninsula. As well as the Gunnamatta course, a temporary club room and 20 apartments, the purchase includes an adjoining development site, which will yield another 18-hole course, club room, 40-room hotel, licensed commercial premises, and about 120 apartments.
Link:
this website
- Portsea Golf Club Resort a Step Closer After Club Sells Enough Sites to Fund Redevelopment PLANS for a new $12 million clubhouse and hotel resort at the prestigious Portsea Golf Club have teed off, officially, after the Club successfully...
- Eastern Golf Course on Track to Sell to China Based Developers A CHINA-based developer is believed to be paying more than $100 million for what is the biggest development site put to the Melbourne market...
- Coles Makes Major Purchase in Coburg COLES Group Property Developments is understood to have paid about $6 million for a major retail development site in Coburg. The 1.75 hectare property...
- Coles Makes Major Purchase in Coburg COLES Group Property Developments is understood to have paid about $6 million for a major retail development site in Coburg. The 1.75 hectare property...