Construction News

30/10/2007

Golf Club Offered €95m Relocation

Clontarf Golf Club has been offered an extra €15m by developers to move to a new site.

Capel Developments are now offering €95m under the deal.

Members of the exclusive club could recieve over €100,000 each as part of the buy-out.

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If the club accepts it would move to the Portmarnock links course and gain a new €20m clubhouse.

The 28,000 square foot, two-storey, fully equipped clubhouse at Portmarnock would be accompanied by a driving range, short game practice area and putting facilities.

Capel Developments, a leading property development company, previously bought Portmarnock Hotel and Golf Links in 2005 for over €70m.

(GK/JM)

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