Standard Bank recognises potential value of Pearl Valley Golf and Country Estate

Posted On Tuesday, 18 February 2014 16:02 Published by
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A development master plan which recognises the powerful trend towards a sophisticated community-based country lifestyle will see Pearl Valley Golf & Country Estate reach its full potential under the stewardship of new shareholder Standard Bank.

Standard Bank

A clear indication of Standard Bank's commitment to the success of the project is the appointment of its former head of real estate asset management, Rory Roriston, as managing director of Pearl Valley Golf Estates (Pty) Ltd, developer of the award-wining Pearl Valley Golf & Country Estate, located between Paarl and Franschhoek.

During a 30-year career at Standard Bank Roriston managed the development of multi-billion Rand projects in South Africa and Africa, including the R2.7 billion development of Standard Bank's head office in Rosebank, Johannesburg.

As leader of the Pearl Valley management team, Roriston is focused on repositioning and completing the current phase of the estate's development master plan as well as redefining and implementing the future phases.

"Standard Bank performed a full analysis of Pearl Valley and, after recognising the potential value and substantial upside that the development offers, they have committed to the completion of the Pearl Valley Master Plan," said Roriston.

"Pearl Valley's current product offering is already exceptional. The completion of the Master Plan will build on this, thus creating a viable and sustainable estate that provides a high quality living experience for its occupants as well as sound investment returns."

In line with Pearl Valley's ongoing dedication to enhancement, future plans include the possible expansion and upgrade of facilities like the gym, spa and equestrian centre.

New developments on the estate may include a hotel and residences that offer different levels of entry because they are priced to suit different lifestyles, thus enabling more homeowners to realise their dreams of secure country living.

Located in the heart of the wine-growing region in the Berg River Valley and framed by towering mountain ranges, the 212-hectare estate epitomises that dream.

Strengthening property sales in the area annually reinforce the desirability of living in a tranquil country environment less than an hour's drive from Cape Town without compromising on comfort or access to benefits like private hospitals, top schools, restaurants, wine farms, and sport and recreation facilities.

The current development phase at Pearl Valley offers several real estate investment options, including the purchase of vacant land directly from the developer, or the purchase of an existing home from either the developer or a re-sale.

The numerous existing amenities on the estate provide a self-contained country lifestyle experience combined with the peace of mind granted by state-of-the-art 24-hour security.

With an award-winning Jack Nicklaus Signature Golf Course, popular Club House, excellent golf practice facilities, spa, gym, equestrian centre, tennis courts, swimming pools, children's play areas, petanque courts, hiking, running and cycling trails, Pearl Valley Golf & Country Estate is an outstanding destination for residents and visitors to safely live, play and relax, while offering prospective property buyers the opportunity to find exceptional value in the Cape winelands.

Last modified on Tuesday, 18 February 2014 16:43

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