Pearl Valley Golf and Country Estate joins up with Val de Vie

In a residential property deal – which has been approved by the Competition Commission – Val de Vie Estate and a consortium of partners including the Mantis Collection have acquired Pearl Valley Golf and Country Estate from Standard Bank, and will create a luxury super estate under the Val de Vie brand.

Pearl Valley Golf and Country Estate is now included in the Val de Vie Estate.

The acquisition includes the entire first phase of Pearl Valley, the Jack Nicklaus Signature Golf Course, the clubhouse, a hotel site on which the Mantis Collection Pearl Valley Hotel will be developed, a 20 ha equestrian farm, about 80 serviced and unsold plots as well as 150 unserviced residential plots.

Pearl Valley was previously owned by Dubai World, which paid R700 million for it in 2007.

Val de Vie will oversee the management, marketing, sales and new developments, and will implement strategies to achieve economies of scale to reduce security, maintenance and landscaping costs, which will decrease levies for the individual homeowner. Pearl Valley Golf Club will maintain a separate homeowners’ association (HOA) and will be managed by Val de Vie alongside other brands with individual HOAs that fall under Val de Vie, such as the Val de Vie Lifestyle Club, Polo Village, Evergreen Retirement Village and The Stables.

Martin Venter, founder and chief executive of Val de Vie Investments, says the inclusion of Pearl Valley in the larger Val de Vie family and among its other diverse offerings will be mutually beneficial.

“Pearl Valley has consistently been rated among the top five best golf courses in SA over the last 10 years and was named best residential estate in SA in a recent New World Wealth survey. Val de Vie has won a number of awards at the International Property Awards including one for the safest house in Africa and best development in SA.”

Venter says residents will enjoy shared and easy access to amenities on both estates which include the golf course, fitness centres, tennis and squash courts, indoor and outdoor swimming pools, equestrian facilities, a riding arena and two polo fields.

Val de Vie marketing director, Ryk Neethling, says the demand for property in the Paarl-Franschhoek Valley, has increased sharply over the past 24 months.

“To satisfy this demand, we recently announced the expansion of Val de Vie’s borders to include an additional 322 ha of land. Development plans for this land, bought from Pearl Valley in 2013, include 13 Gentleman’s Estates, four River Reserves, additional developer’s plots, a retirement village, a large conservation area and other lifestyle amenities. Developer’s land stock valued at over R500m on this Val de Vie extension was sold over the past 12 months.

“Val de Vie is planning the construction of a bridge over the Berg River to connect with the R45. This development should be completed in 2017 and will give residents of both estates faster and easier access to excellent schools, the University of Stellenbosch and Cape Town International Airport.”

The construction of the Mantis Collection Hotel at Pearl Valley Golf Club will begin in January. The five star hotel will have 68 units and 90 rooms. Fifty percent of the hotel rooms were bought by the consortium that owns Val de Vie and Pearl Valley, which gives individual investors the opportunity to buy into the establishment.

The hotel will be managed by Mantis, which also developed Shamwari Game Reserve.

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