Goldman Completes Purchase of The Belfry Golf Resort for £ 140M | Business news

by | Oct 7, 2021 | Golf Courses

Wall Street investment bank Goldman Sachs is the new owner of The Belfry, one of the world’s most famous golf resorts.

Sky News has learned that a Goldman-operated real estate fund has usurped giant bond fund manager Pimco as the preferred bidder for the Warwickshire hotel and golf courses.

A source close to Goldman said Thursday that the purchase price is expected to be in the range of £ 140 million.

The sale will require the longstanding efforts of the current bell tower owner, KSL Capital Partners, to unload the 550 acre site it purchased in 2012.

The belfry is outside of Birmingham

The real estate consultancy Savills has been working for KSL for several months.

KSL held an auction of the asset in 2017 but decided not to sell it.

The Belfry has hosted the Ryder Cup four times, most recently in 2002.

It also recently hosted the Betfred British Masters tournament.

The origins of the main building date back to the 13th century when it served as the Knights Templar mansion.

Recent history has also been colorful, until 2012 it was owned by Sean Quinn, the former Irish billionaire.

Goldman declined to comment.