Barton Wyatt welcomes Chinese purchase of The Wentworth Group
The announcement of the acquisition of The Wentworth Group in Surrey by a large Chinese Investment company, Reignwood Group, spells good news for Surrey’s Wentworth and Virginia Water.
The Wentworth Club is one of the world’s finest golf and country clubs set in an oasis less than an hour from central London. Consisting of a famous castellated Clubhouse, three championship golf courses, a Tennis & Health Club, an active social calendar and dining inspired by The Ivy and Le Caprice also owned by Richard Caring.
Leading estate agency in Virginia Water, Barton Wyatt are delighted with the news. James Wyatt, partner of the firm explains:
“Rumours have been flying around for months about the sale of The Wentworth Club. Richard Caring has been open about his ambition to sell this part of his empire and release capital for other ventures.
“It was all just a case of who had the money for this hugely expensive slice of Surrey. We are delighted it is now settled and we are most excited by having internationally renowned Chinese owners at the helm.
“This purchase by a major Chinese group will undoubtedly expand the Wentworth Brand globally. This in turn will open new doors, bring new markets to our estate and of course more wealth outside of London to the Home Counties.”
The Reignwood Group has purchased Wentworth for a jaw dropping sum of £135m. Dr Chanchai Ruayrungruang, founder of The Reignwood Group in 1984, commented,
“Reignwood has a long history in golf development, a profound respect for excellence in every form and deep interest in East-West cooperation.
“As a world famous golf institution, Wentworth is a key strategic acquisition for our rapidly growing luxury lifestyle division, whose unique culture we are dedicated to preserving and whose exceptional expertise will inform our golf operations across Asia.”
Dr Chanchai Ruayrungruang is also known more familiarly as Yan Bin andhas a multitude of feathers in his cap including being the man who brought the energy drink Red Bull from Thailand to China. Three years later, he started building the Wonderland Amusement Park, not dissimilar to Disneyland near Beijing.
In 2000, he built China’s largest golf resort, the Pine Valley Resort in Beijing, which caters to a luxury crowd: in 2009 the course was awarded the Multimillionaires’ Most Favourite Golf Course in Beijing.
Yan Bin has grown his fortune on the back of a strong performance in sales of Red Bull energy drinks in China, and with sales expected to hit US$800 million this year, it is estimated that his personal wealth is $8.17 billion.
James Wyatt says:
“In my mind golf and the Chinese sit in harmony together. Asia has become golf mad over the past few decades and are already regular visitors to Wentworth. Hopefully now they will move into leafy Surrey and become part of our rich and diverse international tapestry.
“I for one would be thrilled to see some dim sum on the menu at The Wentworth Club!”
For more details contact Barton Wyatt on 01344 843000 or visit www.bartonwyatt.co.uk
Editors Note
Homes that would suit Chinese buyers include:
The Glade, Spring Woods, Wentworth, Surrey £4,950,000
A brand new house set in private wooded grounds at the end of a cul de sac, on the main island of Wentworth. This modern home amounts to approximately 8,374 sq ft and is finished to a very high standard.
The property comprises a large entrance hall, 3 receptions and a magnificent kitchen/breakfast. A large utility room, study and cloakroom complete the ground floor.
Master bedroom suite with large dressing room and en-suite bathroom, a guest bedroom with dressing room and en-suite shower room and 3 further bedroom suites on the first floor.
The second floor has bedroom 6 with en-suite bathroom.
Externally there is a detached annexe/studio, Integral double garage, landscaped grounds and approximately 1 acre.
For more details contact Barton Wyatt on 01344 843000 or visit www.bartonwyatt.co.uk
September Song, Wentworth £4,150,000
September Song is situated on one of the most prestigious roads on the Wentworth Estate, West Drive, being on the ‘Main Island’ of Wentworth with the golf courses and clubhouse nearby.
September Song was built in 2008 for the current owners to a very high level of specification and finish. The house is totally unique having been designed by Lewandowski Willcox Architects. A contemporary design with interesting shaped rooms and split levels gives the house an abundance of character and charm all of its own, ideal for entertaining and contemporary family life. The choice of bathroom fittings and the kitchen are all of a contemporary nature and flow consistently through the property. Of particular note is a fabulous glass staircase as you enter the house.
The house boasts 4 reception rooms, a master bedroom with en-suite dressing room and bathroom, two further bedrooms suites, a further two bedrooms with a shared jack and jill bathroom. The house also has a laundry, study, a lift from the garage which houses 5 cars and landscape gardens of 1.86 acres.
For more information contact Barton Wyatt on 01344 843000 or visit www.bartonwyatt.co.uk.