Investec Property's recent re launch of the bankrupt Gardener Ross Golf & Country Estate, 14km north of Fourways near Centurion, seems a bit premature given the depressed state of the housing market. Investec Property's recent re launch of the bankrupt Gardener Ross Golf & Country Estate, 14km north of Fourways near Centurion, seems a bit premature given the depressed state of the housing market. But Investec's strong balance sheet no doubt allows it to take a longer-term view. Golf estate developers, in particular, have been badly burnt in recent years. Most won't touch new residential projects. Gardener Ross, renamed Copperleaf, was one of a number of golf estates financed by Investec during the boom years that went belly-up when the recession hit. The Ernie Els-designed Highland Gate Golf & Trout Estate in Dullstroom was the first to be placed in provisional liquidation. The estate went under the hammer in May 2009 but there were no takers at the time. Inve...
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