Holmes Investment Properties PLC: HIP Plc move to the next stage of development of Stanley Park Golf Course site in Blackpool following Council decision to approve the appropriation of the land
DGAP-News: Holmes Investment Properties PLC / Key word(s): Real Estate
22.10.2020 / 08:00
The issuer is solely responsible for the content of this announcement.*Holmes Investment Properties Plc*
*("HIP" or "the Company") *
Key Highlights
- 21^st Century redeveloped golf offering.
- Flagship venue for David Lloyd's new leisure venture, Adrenalin World.
- New holiday lodge development.
- Total of £45m GBP development.
- Approximately 150 jobs created across the site.
- Major tourist destination for North West England
- Plan to capture the expected surge in UK based holidays in the future
Holmes Investment Properties Plc (Berlin: J16), the UK property investment company focused on the leisure sector, is pleased to announce that Blackpool Borough Council have approved the appropriation of the land known as Stanley Park Golf Course following a council meeting on 30^th September 2020. This follows HIP winning a Europe wide tender process last year and represents an important step forward.
HIP can progress with a digital public consultation, providing the residents of Blackpool with their opportunity to see, for the first time, the exciting detail around the proposed development of the carefully designed scheme and to provide their feedback and comments accordingly. The consultation will be launched shortly and shareholders will be updated further at that time.*Michael Simmonds, CEO of Holmes Investment Properties Plc said*; "It is great to have this element of the acquisition concluded so that we may proceed with the next stage of contracts and progress on the site. Our professional team are in the process of finalising the online public consultation that will precede the submission of the planning application, which we intend to submit before the end of 2020. HIP Plc hope this project will act as a blueprint for further sites which will allow us to deliver active entertainment across the country. We are excited to be developing what we expect to be a major tourist destination in the North West of England which will capture the expected surge in families choosing to stay in the UK for their holidays over the next few years"
HIP will now accelerate progress on the Adrenalin World site and the development of the golf course. Further applications will follow for the future development of the golf clubhouse facilities and the extensive lodge development.
*Enquiries:*
*HIP Plc - Yellow Jersey PR*
Charles Goodwin +44 (0)7747 788 22 1
Georgia Colkin
Annabel Atkins
hip@yellowjerseypr.com
*Notes to Editors*
*Holmes Investment Properties Plc*
Holmes Investment Properties Plc (Berlin: J16) - www.hipplc.com - a UK property investment company focused on the leisure sector, listed on the Berlin Stock Exchange in 2011. HIP plans to work with leisure operators to source plots of land, acquire sites under option agreements, gain planning consents, build the leisure centre site to the operator's specification and maximise their returns, against a pre-agreed long-term lease with an agreed yield.
As the leisure market continues to grow, along with the number of leisure centres in the UK, HIP intends to partner with fast growing companies, aiming to develop a minimum of 12 leisure centres over the next 5-6 years, significantly enhancing the Company's balance sheet.
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22.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Holmes Investment Properties PLC
85 Great Portland Street, London
W1W 7LT London
United Kingdom
Phone: +44 (0) 203 858 7790
E-mail: contact@hipplc.com
Internet: www.hipplc.com
ISIN: GB00B61DTR94
WKN: A1H654
Listed: Regulated Unofficial Market in Berlin
EQS News ID: 1142354
End of News DGAP News Service