28 October 2019 – Viktor Khristenko, the owner of three exclusive golf courses in Moscow and St. Petersburg and who acquired the San Roque Club in Sotogrande this year, has bought a mansion in the area with his wife. The residence is one of six mansions that make up the El Mirador residential complex, in the exclusive La Reserva, which is owned by Sotogrande SA.
The French fund Orion European Real Estate acquired Sotogrande in 2014 from NH. Sotogrande has already sold three of the six luxury homes, while another, which is still under construction, is reserved. The homes, which were designed by the ARK architectural studio, go for approximately 10 million euros each.
The ex-politician’s firm, Golf Estates, is considering a potential alliance with Orion, which has traditionally invested in Spanish shopping centres, such as the Plenilunio, in Madrid, and the Puerto Venecia in Zaragoza.
Original Story: El Confidencial
Adaptation/Translation: Richard D. K. Turner
24 June 2019 – El Confidencial
Russia’s former Minister of Industry, Viktor Khristenko, has acquired the San Roque golf club in Sotogrande from the Japanese group Asahi Kanko through his company Golf Estates. San Roque is considered one of the four preeminent courses in Cádiz, along with Valderrama, the Real Club de Golf Sotogrande and La Cañada.
Gold Estates, which already owns three gold courses in Russia, acquired the totality of the outstanding shares of Asahi Kanko SAU (AKS) , a Spanish subsidiary of the Tokyo-based golf course group. AKS currently has 40 million euros in funds and revenues of €1.5 million a year.
It has a wholly-owned subsidiary, Suite Hotels, which operates the club building and the two 18-hokle golf courses. The San Roque Club also has an equestrian centre. Details of the transaction were not disclosed.
Original Story: El Confidencial – Carlos Pizá de Silva. Sevilla
Translation/Summary – Richard D. Turner
5 April 2019 – Europa Sur
The Russian company Golf Estate has acquired the golf course and clubhouse at The San Roque Club, located in the urbanisation of Sotogrande, in the province of Cadiz.
The company plans to make significant investments in the course, including reforming one of the two courses (the Old Course) and converting the iconic Tony Jacklin clubhouse into a boutique hotel.
Golf Estate is a golf development and marketing company and is the largest intermediary of golf operations and management in Russia.
The news of the purchase has been welcomed by the mayor of San Roque, Juan Carlos Ruiz Boix (pictured above) as it means that the jobs of the golf course’s 52 employees will be guaranteed.
Original story: Europa Sur (by Alberto Rodríguez)
Translation/Summary: Carmel Drake