Noosa Springs golf resort deal has Hong Kong flavour
IT IS a case of enter the cashed-up dragon as the prestigious Noosa Springs golf resort is snapped up by a Hong Kong connection for an undisclosed figure.
The owners and developers, Noosa father and son Alan and Phil Starkey, have entered into a contract to sell the resort clubhouse, associated businesses and the remaining 23 vacant lots of the Oasis to Chinese investment company Noosa Springs Investment Pty Ltd.
NOOSA Springs general manager Phil Starkey said the investment company was linked to Golden Horse Holdings Ltd - a major Hong Kong-based real estate and resort developer.
"The company has completed many major developments across China," Mr Starkey said.
"Of particular note is the Dragon Lake Resort in Guangzhou, China, that occupies 14sq km and includes two championship golf courses with 27 holes each, a five-star luxury hotel, various recreational and commercial areas and multiple residential zones.
"The purchaser is seeking to expand its resort development internationally and has made investments in Singapore, Japan, Thailand and now Australia," he said.
Mr Starkey said he was pleased Noosa Springs Investment Pty Ltd had chosen to invest locally.
"With an extensive background in high-quality development, and being experienced operators of superb resorts and championship golf courses, we are confident Noosa Springs will be in good hands," he said.
Mr Starkey said there were a number of conditions of sale that had yet to be met and "in due course we will release details. The purchaser, no doubt, will want to have a say".
The development sites to the south-east of the clubhouse are not part of the sale.
Noosa Springs 103-hectare golf course and master-planned residential community was first developed by the Starkey's StarCo Group back 1997 and, when it went on the market in October 2011, was promoted as "one of the most sought-after residential golfing communities".
The 72-par golf course was designed by golf course architect Graham Papworth to fit in with the local tropical environment and is rated one of the best of its kind in Australia.
Other facilities include the day spa, restaurant, conferencing and function venue, boutique fitness centre and resort accommodation.