South Coast NSW golf course and hotel tender

Sydney, 21 May 2014 - A quality resort style golf course and hotel in picturesque Shell Cove is being tendered for lease through CBRE.

The Links Shell Cove is a unique coastal golf course located in the Illawarra region of NSW. Once voted as one of the top 50 courses in Australia to play for under $50 by Golf Australia Magazine, it covers an area of approximately 59 hectares.

The course is an integral component of the $1.5 billion Shell Cove project being developed by Shellharbour City Council. The area is set to become a major new destination on the South Coast of NSW with the completion of the 300 berth Shell Cove Boat Harbour and Marina in 2019.

The Scott Murray designed Par 71 resort style golf course officially opened in January 2004. Facilities include a split level licensed hotel with restaurant and pro shop, function room, Sky/Tab gaming and onsite parking for 118 vehicles.

Paul Kapiris and Colin Stewart from CBRE are undertaking a Request for Tender for the long term lease of the Property on behalf of Shellharbour City Council, who took operational control in 2008.

Mr Kapiris said tenders are being requested for a long term leasehold interest of 15 years and 2 x 15 year options, with Council reaffirming its commitment to retaining the course in recognition of its long term complementary attributes to the Shell Cove Project; the tourist industry and the City as a whole.

Mr Kapiris further noted “This is an exciting opportunity for an astute investor to improve operating performance through efficient and experienced management. The purchase of gaming machine licenses should also generate additional revenue.”

Mr Stewart added “The course has an existing membership base and a growing regional population catchment supported by significant private and public investment.”

The property is for lease by Tender, closing 10 July 2014 at 4pm (AEST). Contact Paul Kapiris on 0418 853 373 or Colin Stewart on 0407 209 956 for more information.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.