Funding & PEVC: Golf Estate Resorts, Inland & Coastal, South Africa
R 550,000,000 Funding & Private Equity for creation of new Leisure Group. Three superior Golf Resorts with development rights. 5 Star designer golf courses incorporating Retail, Residential, Equestrian & Hotel components. 50% Equity Stake plus Capital & Interest redemption at 2x Capital Investment in 5 years! OBJECTIVES
To establish a leisure group that focuses exclusively on the private residence club concept.
To acquire or develop private 5-star resorts that have as its focal point golf courses designed by extremely well known and established designers / brand names.
Strive to acquire distressed five star assets at a substantial discount to net asset value, measured against pre-determined criteria.
To ensure that the product offering, facilities and service levels are comparable to the best that Europe and the U.S.A. have to offer.
To capitalize on the price advantages of South African properties when juxtaposed with those in Europe and the Far East.
To minimize investor risk by ensuring a minimum 3 times asset to investment cover.
To offer private club members a usage choice of varied South African, world-class destinations.
Initially, three estates have been identified that meet the set criteria which will enable these objectives to be achieved.
