One of the BC’s most scenic golf courses, located mid-way on the Sea-to-Sky Highway between Horseshoe Bay and Squamish, is being sold to a Chinese real estate company.
GolfBC Group has divested its Furry Creek Golf and Country Club property to Southwest China-based Fine Peace Holdings Limited, which has a background with building and operating golf course-oriented communities.
The transaction includes the golf course, clubhouse and restaurant, and development land surrounding the golf course, which is wedged between the towering mountains to the east and the waters of Howe Sound to the west.
“The property was not officially for sale, but after learning more about Fine Peace’s impressive longterm vision for Furry Creek, as well as their desire to not only retain all of the employees but continue to grow the employment base in the region, we were interested to learn more about a potential sale,” said Christian Chan, Executive Vice-President of Burrard Group, the parent company of GolfBC.
New residential developments are expected to be built around the undeveloped lands around the golf course.
“We feel good about passing the torch on to Fine Peace, whose golf operations and development experience will serve to accelerate and further establish Furry Creek as a world-class destination and community along the stunning Sea-to-Sky corridor,” Chan continued. “We expect that their plans for Furry Creek will undoubtedly add immense value for all who are part of this special community.”
Built in 1993, Furry Creek is an 18-hole seasonal golf course open between the months of March to October. It plays 6,025 yards at Par 72.
GolfBC owns and operates seven other golf courses in the province, including Niklaus North in Whistler and Mayfair Lakes in Richmond. Their owners, BC’s famous Chan family, are also philanthropists and perhaps best known for donating $10 million for the construction of the Chan Centre for the Performing Arts at the University of British Columbia.
Fine Peace Holdings will assume control of Furry Creek beginning October 10. The value of the sale was not disclosed.