Golf group buys The Buckinghamshire for undisclosed sum
A growing golf group, which bought Chart Hills Golf Club in Kent just five months ago, has now purchased The Buckinghamshire, the home of the Ladies European Tour for the last nine years.
Buckinghamshire Park Resort (Holdings), a wholly-owned subsidiary of Eagleresort, now owns four major golf clubs in the UK and Ireland. As well as the two above they are Old Thorns Golf & Country Estate in Hampshire and Tracy Park Golf & Country Hotel in Bath, plus the company owns Lythe Hill Hotel and Spa in Surrey and Castlemartyr Resort in Ireland.
Chart Hills sold in less then three months with a guide price of £2.75 million.
Commenting on the latest acquisition, Neil Drinkwater, business development manager of the group, said: “Acquiring the prestigious Buckinghamshire Golf Club is a significant milestone and important step forward for our hotel and leisure brand.”
The Buckinghamshire has been owned by Japanese brewery Asahi Group Holdings, for almost 25 years, following its acquisition of the Denham Court Estate in the late 1980s. During the period of its ownership Asahi invested heavily in the property and business to develop a championship standard golf course, designed by John Jacobs OBE, with the original Grade II listed mansion house being converted into a prestigious clubhouse to serve the golf course. The Buckinghamshire Golf Club opened for business in 1992 and since then, with the benefit of Asahi’s continued support, it has grown to become one of London’s finest golf courses where members and visitors enjoy the well located and exceptionally attractive golf facilities.
At the end of 2015 Asahi Group Holdings agreed to invest £2 million in the property for works that would not be completed until this month. They include building an irrigation reservoir, installing a new irrigation system, rebuilding the course’s bunkers and rebuilding the existing green to tee cart paths.