STR Enterprises, a northeast leisure business, has expanded into the golfing market with the acquisition of 18-hole golf course, Wallsend Gold Club, for an undisclosed sum.

STR Enterprises, a northeast leisure business, has expanded into the golfing market with the acquisition of 18-hole golf course, Wallsend Gold Club, for an undisclosed sum.

The deal is part of STR’s strategy to diversify its portfolio beyond bars and hotels to double its turnover by 2013. North Tyneside Council disposed of Wallsend for an undisclosed sum, and STR has unveiled plans to refurbish and update the sports hall, driving range, conference centre and pub.

The licensing and commercial property teams at Sintons LLP worked with STR to ensure a smooth takeover of the 170-acre site. Sarah Smith, partner and joint head of the licensing team, said: ”We were particularly involved in obtaining appropriate permissions and consents to allow the premises to operate immediately upon acquisition.

“STR wished to carry out immediate works on the site to allow them to utilise the premises to their maximum potential prior to embarking on the major refurbishment they have planned.”

Other advisers included Ward Hadaway who provided legal advice to the acquirer.