IFA Hotels acquires South Africa resort

28th Aug 2007

IFA Hotels & Resorts (IFA HR) is entering into the wildlife
hospitality market in South Africa by acquiring a 50% stake in a Joint Venture
Company formed for the purpose of acquiring the Legend Golf & Safari Resort
development (Legend).The Legend development, to be officially launched in November, forms part of the
22,000ha (220,000,000 square meters) Big Five Entabeni Safari Conservancy, situated
in South Africa’s Limpopo Province.  The total development cost is expected to
exceed US$ 411 million.

Talal Jassim Al-Bahar, Chairman and Managing Director of IFA HR, stated: “In
addition to being very pleased about our announcement regarding our new partners,
we’re also very excited about our first Big Five Game Reserve investment in Southern
Africa.  As with all our investments, the Legend Golf & Safari Resort is an
invaluable contributor to our set strategy to reach into the most beautiful corners
of the globe.”

Legend is a truly unique world first, where the Big Five(lions, elephant, buffalos,
leopards and black rhinoceros) roam freely on the savannah grasslands. Lying in the
shadow of the imposing Hanglip mountain, the resort epitomises the unique lifestyle
of the bush.  The design and layout minimize impact on the surrounding natural
resources, preserving the pristine bush environment whilst enhancing privacy,
exclusivity and tranquillity. 

Peet Cilliers, Legend group CEO, said “the Legend Lodges, Hotels & Resorts Group
welcomes the partnering with IFA Hotels & Resorts, an internationally acclaimed
leader in the development of premier integrated mixed-use hotel and tourism projects
and luxury leisure services.”

Located in the Waterberg, Limpopo Province, the resort will be a comfortable 3 hour
drive from Johannesburg.  This exceptional residential estate is complimented by an
18-hole championship golf course with each hole endorsed by the signature of one of
the world’s top professional golfers - 18 individual signatures, a world first.  A
state of the art Golf Academy with a driving range will offer the avid golfer a
range of products including professional training programs with virtual reality
training facilities. 


Other facilities of the resort include a Welcome Centre and Club House, offering a
variety of boutique shops, dining options, entertainment and leisure activities for
the whole family.  The Club House affords golfers and patrons serviced dressing
rooms and the exclusive founding members’ lounge, with all spaces naturally and
logically emanating from the central courtyard which overlooks the 9th and 18th
greens and the majestic Waterberg mountain range.

An internationally branded five-star hotel with a health spa and a wellness centre,
as well as conference and recreational facilities for up to 2,500 delegates, add to
its magnificence.

Cilliers stated that, with full development rights in place, the main construction
of the golf course is nearing completion and the construction of the resort’s gate
house is in progress. Bulk services have been completed in the estate’s first phase,
which has already been sold out by private invitation. Selected investors will be
able to acquire further stands, also by private invitation, before the official
launch of the remaining phases. 

The local community also stands to benefit by the establishment of the Legend
Foundation, which will be involved in a variety of sports such as soccer, rugby,
netball, hockey, tennis and cricket at the Fields of Legends complex, in conjunction
with associated sports academies. Educational sports programs offered at these
academies will assist in the training of talented youngsters from the Limpopo

Al-Bahar concluded: “This acquisition is a continuation of our intention to invest
in South Africa and Africa, a focus area of our set global expansion strategy.
Legend Golf & Safari Resort is one of a kind and it will be a great destination for
South African and international investors and tourists. It is our aim to provide our
clients with both superb and varied investment and recreational opportunities; this
experience perfectly compliments the Zimbali Coastal Resort and our other


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