Transaction Type
Unconditional site acquisition
Investment Category
Equity
Key Risks Considered
Planning, Occupier Market, Investment market
Value Add
- Planning gain arising from a proposed development of 100 C2 assisted living units on part of the site, and reconfiguration of part of the leisure offer to provide for a hotel and new clubhouse
- Joint venture with established developer partner
- Significant improvements to existing golf club facilities
Acquired
2019
Status:
Realised
Blacklight acquired the under-performing 130 acre golf course with a long-term plan to change its use to residential/ mixed use. A consent for 100 C2 assisted living units on c.20 acres of the site was received in 2021, and the site was sold to a third party developer.
