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
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