The Pegasus golf course near Christchurch is expected to be carved up for housing.
The prestigious Pegasus golf club was put into voluntary liquidation in March and placed on the market for sale. A liquidator’s report showed the club owed around $9 million to creditors.
The property includes a driving range, practice greens, pro shop, tennis courts, gym, plus a bar and cafe.
Developer Wolfbrook Property has purchased the 18-hole course. The company says the course will temporarily remain open.
Wolfbrook Property Group chief executive Guy Randall told the New Zealand Herald it intended to pursue rezoning of the land to build homes.
Wolfbrook is a development company with its head office in Christchurch.
Randall told the…