Australian Family Office to Build 3,000 Homes on UK Golf Courses
One of Australia's richest family offices is drawing up plans to build more than £1 billion ($1.3 billion) worth of housing on land surrounding its UK golf courses, in one of the first major tests of the British government's push to develop the nation's green belt and turbocharge the economy.
Bangarra Group has appointed investment firm Fairway Capital to review its Crown Golf portfolio of eight courses spanning about 1,500 acres of greenfield and gray belt land across London and southern England, according to a statement seen by Bloomberg News. The aim is to build 3,000 homes, about a third of which will be classed as affordable.
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