04 October 2017 0 Comments Posted By : JOHN MACKIE

Furry Creek golf course sold to Chinese company

The Furry Creek Golf and Country Club is being sold to a Chinese company, Fine Peace Holdings.

“They have considerable experience in the development of resort-oriented residential communities in China, golf course communities,” said Michael Geller, a property developer who is consulting with Fine Peace.

“Their intention here is to significantly upgrade the golf course and clubhouse, and build a mix of housing along the waterfront. There’s up to 250 homes that could be built along the waterfront in a mix of townhouses and low-rise apartments.”

Geller said the purchase includes the golf course, clubhouse and waterfront property along Howe Sound. The purchase price has not been disclosed. Fine Peace is slated to take over the golf course Oct. 10.

Furry Creek is located on the Sea to Sky Highway between Horseshoe Bay and Squamish, about a 40 minute drive from downtown Vancouver.

It was initially developed by United Properties, which ran into financial difficulties around 2000 and sold the golf course and waterfront land to the Burrard Group. (Parklane Homes purchased another part of the original Furry Creek site.)

The Burrard Group is owned by brothers Caleb and Tom Chan, who quietly head a billion dollar real estate empire that includes projects in San Francisco, Maui and Vancouver.

The Chans are the philanthropists who donated $10 million for the construction of the Chan Centreat the University of British Columbia.

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