Oceânico Group announces sale of its ownership stake in Oceânico Golf

22 September 2016

The Oceânico Group, advised by Savills, has sold its full interest and ownership in Oceânico Golf, Vilamoura, to KAY CC Portugal, a partnership between Mr. Keith Cousins and the Dom Pedro Hotels Group.

Oceânico Golf is the owner and operator of five of Vilamoura’s best known courses – The Victoria Course, The Old Course, Pinhal, Millennium and Laguna courses – with The Victoria Course under-going final preparations for the hosting of the 10th edition of The European Tour’s Portugal Masters from October 20th-23rd.

Christopher Howell, Chairman of The Oceânico Group, comments: “We are pleased to have concluded the sales process of our successful Oceânico Golf business with Kay CC, and what we are sure will be a positive move for both parties as well as golf enthusiasts across Europe. The five golf courses within the Oceânico Golf portfolio hold a unique position within European golf tourism, and we are sure that Kay CC will continue to positively drive the business forward.”

Ian Simpson, director at Savills, says: ‘The strong interest expressed in this internationally recognised group of golf courses was a reflection of its location in the Algarve, one of continental Europe’s most favoured golf tourism destinations, as well as the  quality of the golf development and strength of the business built up by the Oceânico Group over a number of years.

The Oceânico Group will keep ownership and management of its two other Championship courses, Oceânico Faldo and O’Connor Jnr at the Amendoeira Golf Resort in Alcantarilha Silves.

 

 
 

Key Contacts

Ian Simpson FRICS

Ian Simpson FRICS

Director
Leisure & Trading

Savills Margaret Street

+44 (0) 20 7409 8060