Global Edition

 

Purchase of East Sussex National Completed

3.30pm 16th March 2000 - Property

The on/off sale saga at the East Sussex National Golf Club finally reached conclusion this week with a sale to a European consortium. The independent business consultancy, Franklin, Williams & Foy, has emerged as the key player in the sale of the entire 1,100 acre golf and hotel complex for £10 million.

“The former owners have enthusiastically developed the site over the last nine years,” says FWF principal, Peter Button. “On agreeing a sale, they stipulated that ownership should pass on to an entity entirely committed to the furtherance of its original vision – to make the East Sussex one of the finest golf and leisure locations in the UK.”

“My clients have substantial interests and management expertise in Europe and UK golf and leisure operations,” adds Button. “East Sussex will be a hands on operation, with the firm objective of taking the site to ever higher levels of facility and service in the highly competitive leisure sector. The East Sussex National is already a magnificent venue which has held two European Open Championships. Planning negotiations for a spacious new hotel and wet leisure complex on site are at an advanced state. Such developments will greatly enhance the leisure potential and employment prospects at this superb site,” assures Button.

Chesterton HMH acted for the previous owners of East Sussex National.

 

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