The aim of the campaign is to receive a total of 750,000 EUR from investors to fund the second of three phases for the GolfCity Munich. In addition to the confidence in the company is to convince investors with a half-yearly paid, fixed yield of 4%, a performance bonus of up to an additional 2% and numerous benefits for active golfers.

"The golf market in Germany has developed below its potential for many years now. The concepts of established providers focusing purely on high-end customers failed and are to blame for this development amongst other reasons," comments Ulrich Kastner, CEO of the renowned German golf course developer and operator Clubhouse AG, which owns the golf course concept GolfCity. Compared to other international markets there seems to be considerable catch-up potential for the German golf market.

GolfCity’s courses can be reached in less than 30 minutes from the city centre by public transport, bicycle or car. There are numerous exercise and training offers at reasonable prices and with no admission fees and minimum contract periods. The GolfCity courses are technically demanding and of the highest quality.

Golf City does not only break new grounds in the development of golf course concepts, but also in financing. A successful campaign for the course in Puchheim would be the first Golf facility in Germany financed by a crow funding.

Source & Image: GolfCity