New owner for Peregian Springs (Sunshine Coast) announced
Peregian Springs GC was built in 2003* and offers a mature course enhanced with water bodies that offer an attractive visual amenity and provide a plentiful supply of water for the main irrigation network around the course.
The modern building provides excellent clubhouse facilities with a dedicated members area and a substantial conference, wedding function, and venue hire.
Back in 2016 the course hit the rough after receivers were appointed to the then operators Peregian Springs Golf Club. At the time there was considerable concern the course could be divided into a housing development.
However, the course was saved when Golf Services Management, which operates five golf courses in Victoria including Bay Views and St Andrews Beach, stepped in to take it over.
In November 2022, a unique EOI opportunity went to the market to purchase Peregian Golf Course, an established 18-hole Golf course on the Sunshine Coast and only 15 minutes* from Noosa. This sale was made with the existing GSM lease in place.
Japanese dessert king Hiroshi Saito has purchased the Peregian Golf Course on the Sunshine Coast for an undisclosed sum, adding to his stable of courses around the world, with settlement done on 11 April 2023.
Saito, 89, who is the founder of dessert retailer Chateraise, in 2013 purchased the Lakelands Golf Course on the Gold Coast for $8.6m.
The purchase of Peregian was made through Saito’s Merrimac-based Chateraise Lakelands Golf Club Pty Ltd after a national expression of interest campaign by Aveo. A Peregian Springs spokesperson says Lakelands is an established owner of golf courses in Japan and Australia and has shown a genuine commitment to maintaining the operation.
“They have extensive experience owning and operating 18-hole golf courses, including the Jack Nicklaus-designed Lakeland course,” a spokesperson says. “This experience provides a great foundation for the ongoing operation of the course into the future.”
No price tag has been disclosed for the 18-hole course, which was designed by Phil Scott and opened in 2003 as the centrepiece of the up-market Peregian Springs residential development. However, the course, which is owned by Aveo subsidiary Peregian Springs Golf Holdings, has a carrying value of $4.1m, according to its 2021 financial report lodged with ASIC.
