Nathan Tinkler – realestatesource https://www.realestatesource.com.au Commercial and residential property news Tue, 21 Jun 2011 04:00:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Nathan Tinkler – realestatesource https://www.realestatesource.com.au 32 32 Nathan Tinkler’s Buildev Invests in Sleepy Wonthaggi, Victoria https://www.realestatesource.com.au/nathan-tinklers-buildev-invests-in-sleepy-wonthaggi-victoria/ Tue, 21 Jun 2011 04:00:43 +0000 http://realestatesource.com.au/wordpress/nathan-tinklers-buildev-invests-in-sleepy-wonthaggi-victoria.html MILLIONS of interstate mining dollars will be invested in sleepy South Gippsland.

Sydney-based developer Buildev – of which NSW based mining magnate Nathan Tinkler (pictured, right) is a key shareholder – has signed an agreement to acquire part of the Wonthaggi Golf Club, on South Dudley Road and a stretch of Bass Highway known as McKenzie Street, north of the Wonthaggi township.

Buidev plans to build medium density housing, tourist accommodation and a retirement village on a 15 hectare slice of the course. The affected land is along the perimeter of the site between what is currently the 14th and 18th holes.
]]> As part of the deal, which has been on the cards for some years, Buildev will pay an approximate $2.2 million settlement to the state treasury, to have a restrictive clause removed prohibiting the land be used for sporting purposes only.

Buildev will construct a revamped, reconfigured 6000 metre golf course on the remaining golf club land. A new clubhouse will be built on what is now the eighth hole green. It’s appointed renowned golf course designer Cashmore, whose other work includes the Henley course at the Heritage Golf and Country Club, the Thirteenth Beach Golf Links at Barwon Heads (designed in conjunction with golf legend Nick Faldo) and The Dunes Golf Links at Rye.

]]>