Global Edition

Golf Industry News - Hills Golf Club

An emergence of new private buyers into the market during the last 12 months, reflects the strength of the economy and the underlying property asset value. The firm market is expected to continue. FPDSavills expect considerable group activity in the forthcoming months as they improve their portfolios through acquisition sale and development. New strong groups will emerge and in addition to freehold sales the trend for leases, especially in the public sector, will continue. FPDSavills expect the restricted supply of new developments to continue

The agreed price reported to the Stock Exchange was £7.2million which includes cash and the assumption of certain obligations.