OCV octaviar limited

Waiting for this last crumb,

  1. 7,867 Posts.
    6 August 2015- Announcement:

    The Board of ARL confirms that the contract for the sale of Forest Resort is now unconditional.
    Please see the media release
    The buyer is RACV.
    The contract price is $14.973 million (excluding GST and settlement adjustments).
    Settlement will occur later this year.

    “ Mon Feb 3 2014 Victorian Forest Resort up for sale by controllers
    In recent times the Victorian area has seen the regular news headlines of pending amalgamations and others put into receivership. The Forest Resort (Creswick) is the latest casualty to be put up on the market for sale. The golf club that calls it home, was in financial difficulty back in the early 2000's, with then a saviour of The Walsh family to get a development and hotel underway.
    The Walshes were not typical property developers. They sank all they had financially and emotionally into what they called ''their child'' - the Forest Resort development, boasting a 144-room hotel and an upmarket golf course surrounded by houses. Then came along the GFC and the downfall of financier MFS.
    Fast forward a couple years later and now the property hits the market again.
    Who is next on the chopping block? “
    ------------------------------
    And the background; weep-weep time!

    “Family in fight to save resort dream
    EACH day, Jim and Joan Walsh walk out their front door and see their biggest dream, their biggest failure - and the biggest fight of their lives.
    The Walshes are not typical property developers. They sank all they had financially and emotionally into what they called ''their child'' - the Forest Resort development, boasting a 144-room hotel and an upmarket golf course surrounded by houses. Now, every time they go outside and look around, their resolve to fight hardens.
    Which is helpful, because the Walshes have picked one hell of a battle.

    http://www.golfindustrycentral.com....ight-to-save-resort-dream-20110402-1cskj.html

    www.golfindustrycentral.com.au/newsview/victorian-forest-resort-up...

    Regards,
 
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