Dunes Port Hughes in a financial hole, placed in receivership with debts

THE Greg Norman-designed golf course development at Port Hughes on Yorke Peninsula is in receivership with more than $13 million in debts.

THE Greg Norman-designed Dunes Port Hughes golf course development on South Australia's Yorke Peninsula has been placed in receivership with more than $13 million in debts.

Ferrier Hodgson partners David Kidman and Martin Lewis have been appointed as the receivers to manage the project and sell the remaining allotments and development properties.

The Dunes Port Hughes developed by Irish businessman Peter Butterly, was tipped to be South Australia's premier resort and residential development when the Scottish links-inspired Copperclub golf course officially opened in June last year.

More than 2,000 homes and associated leisure facilities had been planned for the project, developed around the golf course. About 185 residential allotments have been developed with 100 blocks sold and 60 homes built or under construction.

Mr Norman has no financial involvement in the development.

Mr Kidman said it was business as usual.

"The golf course and cafe will continue to trade and exciting opportunities to purchase land will be announced in coming weeks," he said.