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Golfers’ Guide SPECIAL REPORT: PEARL VALLEY GOLF ESTATES

Pearl Valley v3

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Pearl Valley Golf Estate

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Page 1: Pearl Valley v3

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IDYLLIC LIVING IN THE HEART OF THE CAPE WINELANDSBy Duncan Cruickshank

Officially opened in November 2003, Pearl Valley Golf Estates was destined to be a leader, a

residential golf estate that many would follow as an example, having overall standards that

few would reach and fewer still would surpass.

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Given its stunning surroundings, positioned as it is

in the shadows of the imposing Drakenstein range

of mountains that make up the Franschhoek valley,

Pearl Valley Golf Estates was always going to be

a winner. Add to that, a Jack Nicklaus signature golf

course and you are already way ahead of the pack.

Pearl Valley is ideally situated – near enough to, yet

far enough from the major metropolitan area of

Cape Town and ideally close enough to the wine-

land centres of Paarl, Stellenbosch and the pictur-

esque town of Franschhoek. Given its ideal loca-

tion and family-friendly facilities, it is no surprise

that it has attracted younger families as residents

and investors, adding to the youthful community

atmosphere. Typically, a large proportion of resi-

dences are second homes used predominantly

during weekends and school holidays, or by in-

ternational investors.

However, Pearl Valley has recently opened the pre-

school section of Bridge House School on the estate,

giving greater options for residents who are on the

estate throughout the year. A popular independent

school, Bridge House School conveniently serves

the Paarl, Franschhoek and Stellenbosch area for

boys and girls from Grade 1 to Grade 12.

Apart from the spectacular Jack Nicklaus signature

course, activities abound at Pearl Valley, ranging

from the state-of-the-art gym for the exercise

conscious to the spa for those looking for some

serious pampering to the fully fledged equestrian

centre that caters for novices and expert riders.

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There are several beautiful hiking trails and moun-

tain-biking routes throughout the estate and the

boma down at the Berg River offers the perfect

setting for outdoor sundowners or picnics and

barbeques for up to 150 people.

Pearl Valley’s impressive estate infrastructure is

dominated by the state-of-the-art clubhouse, which

is the centre of community life for the residents

and visitors to the estate. The clubhouse, which

covers some 4500 square metres, is central to

the community theme that is part and parcel of

the offering that makes residential estate living

here so sought-after.

One could ask: what makes a golf estate like Pearl

Valley so successful from an investment point of

view, especially when there is a severe downturn

in the property market worldwide? There are several

answers to this question and they make for an

excellent study when it comes to choosing an estate

in which to invest. Firstly, the Western Cape (or,

more accurately, the greater Cape Town area) does

not have an oversupply of residential golf estates.

Pearl Valley is one of only a few ‘marquee-name

signature design’ courses in the area – and there

is no doubt that this has an effect on the desira-

bility of the property around the course.

Pearl Valley is maturing – the estate was officially

opened six years ago, which means that the ma-

jority of large-scale construction is completed.

There is no longer the constant din of cement

mixers, bulldozers and jackhammers pounding

away to disturb the peace! Design and construc-

tion guidelines are strict and processes put in

place have ensured that this necessary phase in

the lifespan of a newish estate is as smooth as

possible. A building contractor’s Code of Con-

duct must be strictly adhered to and large depos-

its are required by approved contractors before

they move onto the estate.

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Pearl Valley is owned by Leisurecorp, the Dubai-

based company that also owns the V&A Water-

front in Cape Town, and it is managed by world-

leader Troon Golf. This brings a level of service that

is world-class and a high level of commitment to

members and residents. Troy Hart is Pearl Val-

ley’s general manager and he is understandably

passionate and upbeat about the future.

“While it has been a challenging year for the property

industry, Pearl Valley continues to move forward

in demand with approximately R80 million rand of

property being transferred this year to date, with

stand prices ranging between R3.7 to R4.5 million,”

he explains. “The estate is achieving year-on-year

asset growth and is receiving increased volumes

of enquiries predominately from the local and na-

tional sectors – people who are looking at settling

in the winelands valley because of the lifestyle and

high level of broad-based infrastructure including

schools, universities and various activities within

close proximity.”

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While he is pleased with this continued growth, he

is also very serious when it comes to sustainability

and believes it is vital to meet certain objectives

when it comes to responsible environmental prac-

tice and water usage: “We need to educate our

residents regarding best practice when it comes

to recycling bottles, plastics and paper and with

respect to water usage. We need to investigate

energy management systems that will ensure that

we are doing our bit for the environment – this is

a fundamental part of living in a community.”

It is this sort of outlook that is encouraging young

families to settle in this forward thinking community,

with many families ‘trying before they buy’ by renting

homes on the estate. Amazingly, the conversion rate

of renters to owners is more than 50% – a remark-

able statistic.

Pearl Valley’s celebrated golf course has been the

home to the South African Open Championship for

the past couple of years and December 2009 saw

the world’s second oldest Open return for the third

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time. “The SA open has been excellent for Pearl Val-

ley,” explains Hart, “as it has helped to reinforce the

Pearl Valley brand, which was already strong. It

has really put us in the international spotlight and

we have seen some 3000 rounds being played by

international tourists as a direct result.”

That is exposure that money just can’t buy. For the

third time, golf fans have arrived in their thousands

to support the event, again exposing the estate

and its lifestyle to scores of potential investors who

might not ordinarily have made the trip.

Director of golf, David Murray, and his team had

their hands full ensuring that every visitor to the

estate in that week had an unbelievable experi-

ence and course superintendent, Mike Westman,

did a superb job of ensuring that the course was in

pristine condition for some of the world’s best

professionals who participated in the champion-

ship, which is co-sanctioned by the Sunshine and

European Tours.

Living on a golf estate is a particularly attractive

option when it comes to wide open spaces with

excellent security. When that golf estate includes

a course designed by one of the world’s most

legendary golfers and it is situated in the heart of

one of the most beautiful winelands areas any-

where in the world, it fast goes from an attractive

option to the only option. Pearl Valley’s residents

do agree.

Photos by Dawid de Greef.

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COME HOME TO A LEGEND

T +27 21 867 8000 F +27 21 867 0767

[email protected] pearlvalleygolfestates.co.za

Contact Pearl Valley | T +27 21 867 8000 | E [email protected] | W www.pearlvalleygolfestates.com

For any PEarl VallEy ProPErTy and/or rEnTal EnquiriEs, PlEasE ConTaCT onE oF our in-housE, qualiFiEd ConsulTanTs sEVEn days a WEEk. ThEy haVE ThE adVanTagE oF bEing on-siTE and CurrEnTly dominaTE salEs on ThE EsTaTE.

AN EAsy, sCENiC 50 MiNuTE DrivE frOM CApE TOwN, pEArL vALLEy LiEs NEsTLED iN THE HEArT Of sOuTH AfriCA’s LEGENDAry 300-yEAr OLD wiNE AND CuLiNAry CApiTAL, frANsCHHOEk. BrEATHE THE COuNTry Air, sAvOur THE sCENEry AND rELAx.

Come home to a legend

barry JaCobsEn lEigh robErTson Jordan [email protected] [email protected] [email protected]

2008 Compleat Golfer ‘5 star Golf Experience’2009 Golf Digest ‘2nd best conditioned course’2009 Golf Digest ‘Best Golf Estate’Host of the sA Open 2007, 2008, 2009

ACCOLADEs