Aspen goes golfing in course plans
5-June-07 by Edited announcement
Perth-based property developer Aspen Group Ltd will aim to develop golf courses within its residential estates through an arrangement with Scott Golf Designs.
The golf course design company, owned by professional golfer Adam Scott, has launched its first development on Aspen's Whitsunday Shores Estate, near Bowen in Queensland.
The full text of a company announcement is pasted below
Aspen Group (ASX: APZ) is pleased to announce that it has entered into an exclusive joint venture agreement with Australia's top ranked professional golfer Adam Scott and his golf course design company Scott Golf Designs ("Scott Group") to develop a series of golf courses within residential estates around Australia.
The joint venture has successfully launched its first such development being the Aspen Whitsunday Shores Estate, just north of Airlie Beach near the town of Bowen, Queensland.
The joint venture brings together two successful yet still emerging talents, an exciting combination with the potential to produce word class living and golfing communities well into the future. Both Aspen and the Scott Group believe their combined expertise will enable them to identify and secure sites ahead of others and take advantage of the growing demand for golf course community living.
Demand for golf course communities is being largely driven by the retiree population seeking a 'sea' or 'tree' change, with the open spaces of a golf course estate making for an attractive living proposition for both golfers and non golfers alike.
The growth in Australia follows a similar experience in the US, where for example over 50% of golf courses in Florida are integrated with residential developments. Research from America has found that golf courses have the potential to add significant value to property located within a 2 km radius.
5-June-07 by Edited announcement
Perth-based property developer Aspen Group Ltd will aim to develop golf courses within its residential estates through an arrangement with Scott Golf Designs.
The golf course design company, owned by professional golfer Adam Scott, has launched its first development on Aspen's Whitsunday Shores Estate, near Bowen in Queensland.
The full text of a company announcement is pasted below
Aspen Group (ASX: APZ) is pleased to announce that it has entered into an exclusive joint venture agreement with Australia's top ranked professional golfer Adam Scott and his golf course design company Scott Golf Designs ("Scott Group") to develop a series of golf courses within residential estates around Australia.
The joint venture has successfully launched its first such development being the Aspen Whitsunday Shores Estate, just north of Airlie Beach near the town of Bowen, Queensland.
The joint venture brings together two successful yet still emerging talents, an exciting combination with the potential to produce word class living and golfing communities well into the future. Both Aspen and the Scott Group believe their combined expertise will enable them to identify and secure sites ahead of others and take advantage of the growing demand for golf course community living.
Demand for golf course communities is being largely driven by the retiree population seeking a 'sea' or 'tree' change, with the open spaces of a golf course estate making for an attractive living proposition for both golfers and non golfers alike.
The growth in Australia follows a similar experience in the US, where for example over 50% of golf courses in Florida are integrated with residential developments. Research from America has found that golf courses have the potential to add significant value to property located within a 2 km radius.
