BRISBANE POLO CLUB'S FATE HANGS IN BALANCE

BRISBANE POLO CLUB'S FATE HANGS IN BALANCE

THE fate of the Brisbane Polo Club will be decided this morning at a board meeting.

The club's future came under a cloud earlier this week when the heritage-listed Naldham House was sold to Singapore developer Koh Wee Meng for $10 million.

The billionaire is believed to have submitted the unsolicited offer for the property earlier this month to add to his growing property portfolio in Australia.

The deal is expected to lead to the closure of the club which has occupied the 126-year-old building for the past 25 years.

Brisbane Polo Club declined to comment, although it has been reported that the club will close.

It remains unclear what Koh Wee Meng's has planned for his Brisbane investment.  

Business News Australia

Australia's business news.
Free. Always.

Join thousands of founders, investors and executives
who read Business News Australia every morning.

Free Access

You're on a roll.
Keep reading — it's free.

Create a free account to keep reading
Business News Australia. No restrictions, ever.

of articles read

You've read articles.
The rest are free too.

Create a free account to keep reading
Business News Australia. No restrictions, ever.

Join Free

No paid subscriptions, just free. Unsubscribe anytime.

The financial case for knockdown rebuild on established Australian land
Partner Content
For most Australian homeowners, the house gets the attention and the land gets taken fo...
Ventures & Visionaries
Advertisement

More News