Christie+ : completes sale of De Vere golf resorts

20 November 2014

Christie Group plc

("Christie Group" or the "Company")

Christie + Co completes sale of De Vere golf resorts

Christie Group plc (CTG.L), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announce that Christie + Co, its specialist provider of agency and advisory services, has completed the sale of six UK golf resorts on behalf of the Board of De Vere Group.

The portfolio consists of 850 guest rooms, over 20 restaurants and bars, 8 championship golf courses and 3 nine hole courses and state-of-the-art leisure and Spa facilities and form a collection of six of the finest UK golf resorts comprising award-winning conference, golf and leisure facilities.

The highly competitive off-market sales process included De Vere Resorts ownership which comprises 184 timeshare and rental lodges. 

The group sale includes Cameron House and The Carrick on the banks of Loch Lomond in the Scottish Highlands; Slaley Hall in Northumberland, the award-winning Grade II listed Oulton Hall, Mottram Hall with its 270 acres of magnificent parkland, Belton Woods set in stunning Lincolnshire countryside and Dunston Hall, a magnificent Elizabethan-style mansion sitting on a 150-acre wooded estate.

Chris Day, Managing Director at Christie + Co and member of the Board of Christie Group plc, says: "We are delighted to have sold this famous hotel portfolio following a focused off-market sales campaign. The hotels generated competitive interest from a variety of investors."

Enquiries:

Christie Group plc

David Rugg                                                                                                                                           020 7227 0707
Chief Executive

Dan Prickett                                                                                                                                        020 7227 0700

Chief Financial Officer

Nicole Perry
Christie + Co Head of Media Relations                                                                                    020 7227 0794

Charles Stanley Securities:

Russell Cook / Carl Holmes                                                                                                           020 7149 6000

Nominated Adviser & Broker

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 44 offices across the UK, Europe and Canada, catering to its specialist markets in the leisure, retail and care sectors.

Christie Group operates in two complementary business divisions: Professional Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PBS - Christie + Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long established reputation for offering essential services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to www.christiegroup.com.