Crown Golf operates Sherfield Oaks Golf Club and leases this property from the Club’s landlord, Luddington Investments Ltd. Luddington Investments Ltd was placed into administration in October 2009 and KPMG appointed as the administrators.
As the Golf Club’s operator, Crown Golf is not directly affected by the landlord’s demise and business continues as normal at the Club. Crown Golf is currently considering the option to purchase the 89-year lease, and continues to discuss the issue with Luddington’s administrators.
Crown Golf is Europe’s largest golf course owner/operator, with 30 UK golf properties and 52 golf courses in its portfolio. www.crown-golf.co.uk
As reported by GBN last week the lease on Sherfield Oaks Golf Club, near Hook in Hampshire has 89 years to run and is on the market through the Oxford office of Savills at a guide of £2.5m.
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