Mantis and Val de Vie acquire Pearl Valley Golf and Country Estate
The Mantis Collection and Val de Vie Estate have purchased the Pearl Valley Golf and Country Estate. Mantis together with Val de Vie acquired the Pearl Valley Golf and Country Estate from Standard Bank and aim to create a Super Estate under The Pearl Valley and Val de Vie brands, combining the synergies of both Mantis and Val de Vie.
Mantis Chairman, Adrian Gardiner and Val de Vie Chairman, Martin Venter have been friends for many years and both have expressed their excitement of the combination of two major brands, Mantis for its hospitality prowess and Val de Vie for its unprecedented development and real estate marketing expertise.
“The mutually beneficial inclusion of Pearl Valley within the larger Val de Vie family and among its other diverse offerings, completes the vision of providing the ultimate in secure, luxury living,” Martin Venter, Founder and CEO of Val de Vie Investments said.
The acquisition included the entire first phase of Pearl Valley, the Jack Nicklaus Signature Golf Course, the clubhouse, a hotel site on which the Mantis Collection Pearl Valley Hotel will be developed, a 20 hectare equestrian farm, approximately 80 serviced and unsold plots as well as 150 un-serviced residential plots.
Pearl Valley has had an interesting history –
* The development began in 2002 under the ownership of a Malaysian investor, Dr Lim
* In 2007 the project was purchased by Dubai World
* In 2011 the Directors announced a business rescue strategy in terms of the Companies Act.
The move was brought on by recessionary trading conditions and an oversupply of golf estates at the time, which saw shareholders financing operating losses. Standard Bank acquired the Pearl Valley Estate and it was removed from business rescue. The bank successfully managed and developed the estate to the extent that Pearl Valley was this year ranked the number one residential estate in South Africa by New World Wealth.
Mantis together with its partners, Val de Vie, will commence construction of the Mantis Pearl Valley Hotel in early 2016. The hotel will be a Mantis luxury hotel with the first phase including 40 rooms and a conference centre. Phase two and three will follow providing an eventual hotel of 150 keys.
“There could not be a more exciting phase in the development of this mega estate and our partnership with the world famous Mantis Group adds significant value to the group” says Venter
Gardiner adds “Mantis is currently in an exciting development stage having recently announced that it is the only hotel group in the world to be represented on all 7 (seven) continents. The teaming up with one of the best residential estates in the world which includes property, wine, events, polo and sport and now a world famous Jack Nicklaus Golf Resort is indescribable. The Management and Marketing teams of both estates will add significant value to the Mantis Group! “
New Mantis Hotels, Eco-Escapes and Lifestyle Resorts opening in 2016 include the following -
* The Mantis Jamestown Hotel on St Helena Island
* The Group’s second and third hotels in Nigeria
* Six properties in Kenya
* A tented camp plus three other hospitality products in Sharjah in the UAE
Mantis has a proud history through its involvement with the environment and created the Shamwari and Sanbona Game Reserves. Adrian Gardiner, through his long association with the late Dr Ian Player chaired the Wilderness Foundation for many years and is now the Chairman of the Wilderness Foundation Global. Mantis has an association with Tusk and sponsors their Annual Conservation Awards.
The Patron of Tusk being Prince William. Val de Vie recently hosted the Sentebale Royal Salute Polo Cup with their Patron, Prince Harry.
Mantis has believed that education is as important as the environment and through education and scholarship programs at the Stenden University in Port Alfred, great results have been achieved. Mantis was a founding partner in the development of Stenden some 13 (thirteen) years ago and Adrian Gardiner is the current Chairman of the Board of Directors.
Martin and Adrian both believe that their commitment to these initiatives is a non-negotiable for future generations.
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