Holmes Investment Properties PLC Signs MoU with Major Trampoline Operator

Holmes Investment Properties Plc (HIP) have secured a second sports and leisure partner, for whom HIP will source and purchase land to develop sports and leisure centres on their behalf.

HIP is a land investment company which currently operates specifically in the sports, leisure and entertainment market to benefit from the sector’s continued strong growth. According to research there are 6,435 leisure centres in the UK (source: leisuredb), with an additional 150 venues opening each year, leaving plenty of scope to grow for HIP and its partners.

The new partners are an established trampoline operator with significant growth plans over the coming years. The Memorandum of Understanding is a non-exclusive arrangement to find land in parts of the UK that the operator does not currently have venues. HIP will deliver sites that will allow for a high quality, large venue with trampolines at the heart of the operation and ample car parking. The operator will lease the chosen sites on a long term basis. Once planning permission is granted, Holmes Investment Properties will then fund and build each site to shell and core before passing over to our partner to fit out and open.

Martin Helme, CEO of Holmes Investment Properties added: “We are constantly searching for land to buy then build sports and leisure centres. Our new partner has agreed a Memorandum of Understanding which will allow us to source land for them on a non-exclusive basis. This second partner in the sports and leisure sector will increase the opportunity for HIP to lease out more venues in this growing market. That’s very good news.”

Notes:
Over his long career, Mr Lloyd has founded two multi-million pound businesses: David Lloyd Leisure and – with his son Scott – Next Generation Clubs.

Mr. Lloyd has recently spotted a gap in the market for one-stop, multi-exercise parks that will offer both brilliant indoor and outdoor activities. His new enterprise will take advantage of fast growing segments in the £4 billion UK leisure sector, bringing together hard-to-find but easy-to-enjoy activities such as trampolining, zip wires, soft play and climbing walls. The plan is for the first adventure parks to open in 2018, with all twelve open by 2021.

Holmes Investment Properties has an exclusive contract to fund and build the first twelve sports activity centres for Mr Lloyd’s Company. Holmes Investment Properties will own the land and fund the purchase and construction of the parks. After the construction, Mr Lloyd’s company will fit out and operate the properties.