Knight Frank, the global property adviser, has advised Newcore Capital Management on the sale of the World of Golf in Croydon to Aberdeen Standard Investors for £4.425 million.
The World of Golf has a 24-bay driving range, a mini-adventure golf course and a 6,252 sq ft professional golf shop and is operated by Ashtour.
Shaun Roy, Partner, Specialist Property Investment, Knight Frank said: “Specialist assets such as the World of Golf are very popular investment opportunities. Golf is played by over four million people in the UK and sites such as these are in huge demand throughout the whole year rather than just in the summer months. With the scintillating US Open finishing over the weekend I am sure there will be many golfers out this week practising their driving and honing their swing, so this was a very apt time for the sale to be completed.”
Knight Frank acted for Newcore Capital Management and Joiner Cummings acted for Aberdeen Standard Investors.
