New wildlife division launched by Pam Golding Group

Posted On Tuesday, 25 May 2004 02:00 Published by
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Division launched to meet a growing demand for game farm properties

In order to meet a growing demand for game farm properties - and to provide a focused global marketing network to create maximum exposure for these properties - the Pam Golding Property group has formed a Wildlife Division specialising in the marketing and sale of game farms in Southern Africa.

These tend to be eco-tourism related, and they include diverse investment opportunities such as existing game farms, game lodges, game farm developments and specific wilderness areas that are not commercially viable as farming enterprises.

Headed up by Andy Collett, a director of Pam Golding International, and with a network of experienced PGP game farm specialists in the various regions, the new division's key aim is to provide clients with a specialised service that generates prime exposure for a wide variety of game farm properties among local and international markets.

Comments Dr Andrew Golding, CE of the PGP group:  "South Africa is increasingly in the global spotlight in terms of eco-tourism attractions and conservation methods, and visitors drawn by our nature reserves and wildlife include not only tourists but wildlife photographers and big game hunters.
Never before has there been such widespread interest in game farm properties, particularly those which are eco-tourism related, and while there is a strong local demand, there is also high interest from international investors in America, the UK, Germany and Eastern Europe."

Collett says prices vary considerably, ranging from R3/R4 million for a small farm with minimal eco-tourist potential and plains game to R70-R80 million for a fully-fledged game lodge with 20 to 40 beds and the Big Five.

The latter would comprise approximately 2 500 hectares under full ownership plus traversing rights over a larger area.  The last farms - which included sizeable game lodges - sold in the Sabie Sand area fetched R45 000 per hectare.  However, in the Eastern Cape you can still buy sites at around R3 000 per hectare.

"The latest trend has high appeal for investors seeking a weekend or holiday getaway, as it enables them to purchase a portion of a game farm. Owners of large farms are making available for purchase individual sites/lodges under share block ownership, where the owner acquires a small portion of land around his/her lodge and traversing rights over the rest of the property.

This type of development would often be managed by a national hotel chain on a hotel pool scheme, whereby the owner has limited usage.  These plots are priced from as little as R300 000 for a hectare up to around R2.5 million for several hectares. In addition, in some instances these game reserve developments are being undertaken in conjunction with the local communities who are integrally involved in the development entity and will thus benefit from the revenue stream generated.

"In this way prime land is being released onto the market in areas including the Lowveld and prime land around Kruger National Park, Waterberg just north of Pretoria, the Eastern Cape and Northern KwaZulu-Natal. Through our experience in marketing eco-tourism developments such as Moditlo Estate near Hoedspruit, we find there's also a growing trend towards local farmers investing in game farm properties with a view to retiring in a secure, nature reserve type environment with all the benefits of a lock up and go home," says Collett.

For further information contact Andy Collett of Pam Golding International on
021 7975300.

Ends

Issued by Gaye de Villiers
Tel: 021 6837788 or 083 325 1939
On behalf of Pam Golding Properties


Publisher: Pam Golding
Source: Gaye De Villiers

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