Golf Inc. - October 2008 - (Page 44)

Development Recap NORWAY Stavanger Golf Club, located near Stavanger, is in the final stages of a redesign and reconstruction of its greens, directed by Norway-based Brian Phillips of Niblick Golf Design. One of Norway’s oldest clubs, Stavanger’s original design by British architect Fred Smith was completed in 1956. The par71, tree-lined layout includes a driving range, short play practice area and cafe. It has hosted a number of national and international events, including the 2006 Norwegian Championship. ROMANIA Swiss Golf & Leisure invests in resort project Swiss Golf & Leisure, a development company formed by five Swiss and Romanian businessmen, is investing €50 million into a golf course community in the town of Dragomiresti Vale. The development will include an 18-hole golf course, 350 residential units and a four-star hotel. It is the second golf course community to be developed in Romania. The first, Silver Mountain, involved a €350 million investment by developer INR Management. MOROCCO course surrounded by residential villas. Situated near Lake Mansour Eddahbi, the development, called Ouarzazate Lake City, will also feature a hotel-casino, nongaming hotels, shops, entertainment and various residential elements. The project’s Morocco-based developer, Palmeraie, has hired CB Richard Ellis’ Las Vegas-based Global Gaming Group to help find a casino operator. SOUTH AFRICA The project also calls for development of a 100-room, five-star hotel that will include a conference center, health spa, gym, indoor swimming pool, tennis courts, sports facilities, restaurants, pubs and terraced dining areas, and a retail square. ENGLAND Luddington looks to develop in Hertfordshire Luddington Investments, a London-based golf course owner and operator, is moving forward with plans to convert a partially constructed golf course covering 160 acres in Hertfordshire into the Centurion Club, a high-end, 18-hole, par-72 course measuring 6,805 yards in length. The company will seek to raise €1.95 million in investment capital required to purchase the existing golf course and surrounding land. Interested investors are being asked for a minimum €40,000 commitment. Construction set to begin on Lee Westwood design Construction is expected to get under way early next year on an 18-hole Lee Westwood Signature golf course as development of the vast St. Michaels Int e r n at i o n a l L e i s u r e E s t at e i n Dullstroom continues. Sp an n i ng 8 0 0 h e c t are s i n t h e Mpumalanga Highlands, St. Michaels will include 650 contemporary homes designed by architect Laurence Brown. 44 Golf Inc. October 2008 Vast resort development to include golf course Plans to develop a nearly 1,000-acre lakefront site near the city of Ouarzazate will include construction of a new golf

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Golf Inc. - October 2008 Contents From the Editors: Smaller is Less Costly Survey Reveal Golf's Economic Impact in EMA Private Club Managers Earn Bigger Salaries Dyes Mourn Loss of Family Member Changing Demographics Impact European Golf Scene RDC Golf Group Finds Affordable Golf Niche Links at Summerly Offers Unique Twist Cost Crunch Most Powerful People in Golf Contractors Focus on Renovations, International�Projects Troon, IMG Reach Into Booming Middle East Market Americas Recap: New Player Design in Mexico Europe-Africa Recap: Moroccan Lakeside Development Asia-Australia Recap: 3 Billion Dollar Resort in Vietnam The Last Word: There's No Substitute for Good Friends on a Golf Course

Golf Inc. - October 2008

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