Browsing Golf Industry NewsVIEW ALL

Pelican Waters Golf Course sold to over-50s residential developer

POSTED ON December 9, 2018 @ 12:58 pm

FUTURE residents may not share his golfing virtuosity but they will be around the Great White Shark’s vintage.

The latest slice of coastal Queensland to change hands amid the upswing in over 50s residential development is a prized Greg Norman-designed championship golf course with a prime tract of undeveloped land.

Pelican Waters Golf Course, together with an adjoining 20ha development site, has been snapped up by big-hitting manufactured home park developer, Palm Lake Resort.

It is understood the holding – totalling 160ha, including the par 72, 18-hole championship golf course – near Caloundra was acquired for almost $15 million.

Pelican Waters Golf Course consistently ranks well up the field in Australia’s top 100 courses.

Its renowned fairways and greens have played host to numerous visiting golfing and other sporting identities over the years.

The 18-hole, par 72 championship golf course will continue to operate under the existing management and the Queensland-based Palm Lake Group plans to establish its third Sunshine Coast over 50s lifestyle community on the undeveloped parcel.

Palm Lake Group is the developer of premier market-leading residential land lease communities, retirement villages and aged care facilities in three states. Operating for more than 40 years, the family-owned business is a proven developer, builder and manager of assets.

Palm Lake Group CEO Manuel Lang says the Group currently looks after more than 7500 residents across its various Palm Lake Resort and Palm Lake Care locations, with a further 1200 homes under development right now.

“We are excited for Pelican Waters Golf Club members, as our redevelopment of the Club and the Greg Norman-designed golf course will exceed all expectations of quality and finish,” Mr Lang says.

He assured Pelican Waters Golf Club members that the Group was fully committed to reducing the impact of construction on the golf course, wherever possible.

 

Comments are closed.


CLICK HERE TO Sign Up for the GIC Newsletter for all the latest Industry News.

Grow the Game Central Golf Recruitment Central Golf Marketing Central

Brisbane GC leading the way to gender equality...

The Brisbane Golf Club has become one of...

Incredible membership growth at Ranfurlie...

Now in the midst of Membership Subscriptions for...

Empowering Women In Golf Through Equality...

By golfscape.com Role models, race, and gender. Felicity...

Queensland proshop owner stays afloat with business interruption ...

Not totally surprising at this time of the year, the weather around the country has been a tad bit on the extreme...

Revenue Growth: The surprizing book of green fees...

  Chapter One – The Club Director Every club director requires their club to be profitable.  Every club director should also hold...

Walkinshaw Sports Acquires Linkz Marketing in New Zealand...

Walkinshaw Sports Pty Ltd announce that they have acquired the wholesale golf business of Linkz Marketing as part of their ongoing commitment...

Loch Lomond Whiskies partner with GA...

Loch Lomond Whiskies and Golf Australia have signed a new partnership to give golfers and whisky fans more opportunities to enjoy the...

Golf and health week to highlight how the sport helps wellbeing...

A dedicated campaign to raise awareness of the health benefits of golf for people of all ages and abilities...

Global momentum continues for MPower MSL’s golf platform to del...

MPower MSL (ASX:MPW) (MSL) announced today that the Swiss Golf Federation has selected MSL’s World Handicap System solution to...

Mike Orloff to speak at India Golf & Turf Expo 2019...

Organized by the Golf Industry Association (GIA), India Golf Expo brings together India’s golfing fraternity of India and experts...

Points and Prizes on Offer to Delegates at Pattaya Conference...

Multiple benefits will be on offer to attendees at next week’s conference on Sustainable Turfgrass Management in Asia. Held...

Golf Surprize wants to help prevent golf clubs from racing to the...

    By Anthony Robinson CEO – Golf Surprize Online golf tee times and barter systems are growing in...

Greg Norman Releases First-Ever 100% Wagyu Beef Jerky...

Greg Norman and Caribe Producers LLC. announce the release of Greg Norman Signature Wagyu Beef Jerky – the first...