Golf Industry Central Summer 2012 - Page 11

Industry News Mining Mogul Purchases Popular Golf Course Resort Mining tycoon Clive Palmer has confirmed his purchase of the Sea Temple Golf and Country Club at Port Douglas for about $7 million, having inspected around 20 properties by helicopter between Townsville and Cairns. This is his first purchase in the far north Queensland area. The purchase was managed by the Juniper Group, and was on the mar- ket for a year. The deal includes the award-winning 18-hole golf course designed by Thomson, Wolveridge and Perrett, along with a housing estate development with about 45 premium home sites. While Clive Palmer’s company owns three other golf courses, including Hyatt Regency at Coolum, Robina Woods and the Colonial golf courses at Robina on the Gold Coast, this is a personal purchase of his. Palmer bought the case for substantially below market value, considering golf courses usually cost $1 million a hole plus the cost of land. Trinka Tapped to Head AGIF The Asian Golf Industry Federation (AGIF) has a new president and he is a lawyer by training. At the recently concluded annual general meeting of AGIF in Shenzhen, China, members unanimously voted for Tim Trinka to lead the industry body for the next two years. Upon his election, Trinka noted, “I am deeply humbled and honored to assume the role of President of the AGIF. Our mantra is, “to grow the game, responsibly” and all that that means. States. Tim’s practice focuses on the construction, financing and development of real property in Asia, with his clients being foreign property companies, developers, construction companies, private equity investors and financial institutions. shall Law School in 1982. In 1983, he was awarded a Certificate in Advanced International Studies from Salzburg University, Salzburg, Austria. Tim has a particular focus on the business of golf in the Asia-Pacific region. He regularly represents designers, developers, companies involved in operations management and championship management, and product suppliers in the golf industry. He is also a keen and sometimes frustrated, golfer. I look forward to working with our small but committed membership base and our terrific Board to take the AGIF to the next level where we truly make a difference in the growth of the game in Asia.” Tim has been co-chair of the Real Estate Committee of the American Chamber of Commerce in Korea since 1995. Trinka is engaged as the Senior Foreign Lawyer at the law firm of Bae, Kim & Lee in Seoul. Tim has worked as a foreign lawyer in Seoul for over 20 years. He was formerly Vice President and is currently a Member of the Executive Council of the United Service Organization (USO) in Korea, and was formerly Vice President and a Member of the Board of Governors of the Seoul Club. Throughout his 30-year career, Tim has been engaged in a wide- variety of commercial and financial transactions in Asia, Europe and the United Tim received a business degree from The University of Iowa in 1979 and his law degree from The John Mar- Golf Industry Central Summer 2012 9