ISPT outlays $125 million for Kingswood Golf Course
Jonathan ChancellorDecember 7, 2020
The Kingswood Golf Course sale price to ISPT, the unlisted Melbourne property fund manager, has been put at $125 million.
The club announced the sale earlier this month, but without details of the price.
The sale follows the club's merger with Peninsula Country Golf Club.
Fairfax Media report a member has initiated Supreme Court proceedings to unwind the merger.
ISPT has other residential developments including a 47.8-hectare site in Cranbourne South.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.