This message provides a further update on progress of the\u00a0Expressions of Interest Campaign\u00a0completed in March. We received 11 expressions of interest from commercial developers. Since that time, we interviewed 5 of the prospective buyers while Cushman and Wakefield have continued to obtain the best price offers from these buyers.<\/p>\n
Since starting the\u00a0Expressions of Interest Campaign, we received an unsolicited approach from the Brisbane Markets to purchase land that includes the 15th<\/sup>\u00a0and part of the 16th<\/sup>\u00a0holes of our course. Brisbane Markets are seeking land that is not prone to flooding risks.<\/p>\n The Committee believes that Members should be given the appropriate opportunity to consider such an offer, following an appropriate level of due diligence. We are not expecting an offer that would be acceptable to Members.<\/p>\n We have had an initial meeting with the Brisbane Markets CEO and Board Chairman. They are keen to explore the opportunity and have spoken to government representatives. They have also offered to pay for our Course Architect, Paul Mogford, to undertake a new masterplan for a quality Championship layout should the holes be sold.<\/p>\n