ISPT revealed as buyer of Kingswood Golf Course for $125m

The Kingswood Golf Course has been sold to unlisted Melbourne property fund manager ISPT for $125 million, Fairfax Media can reveal.

The club, which controversially merged with the Peninsula Country Golf Club late last year, announced the sale on September 5 but at the time officials refused to reveal details of the purchaser or the final price.

Officials at the merged Peninsula Kingswood Country Golf Club and the super fund-backed developer still face legal challenges over the deal which has caused considerable anger among some golfers.

Long-term club member William Falkingham has launched an appeal after his Supreme Court action to unwind the merger was dismissed earlier this month.

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