Holmes Investment Properties PLC update on sites for new UK Adventure Parks

Holmes Investment Properties PLC are pleased to announce that our partners, DLAPL, are making satisfactory progress in finding sites to locate the first UK adventure parks for Mr David Lloyd. To date, Mr Lloyd has identified five sites that he currently intends to put an option to purchase on, subject to planning permission being granted, and funding approval.

Holmes Investment Properties PLC can confirm that we have a £42 million loan facility from a major finance house available. Funds will be released based on the commercial viability of each site.

Once planning permission is granted, Holmes Investment Properties will fund and develop sites before passing them over to Mr Lloyd’s company to fit out and open. At the opening of each venue, the directors expect that the land value will be significantly enhanced as a commercially viable operation will now be sited there. Buying and developing each site will typically cost Holmes Investment Properties between £3 and £5 million. Mr Lloyd’s company will take a minimum 25-year lease on each site, with a rental yield of 8% of the value of the site.

Each site will have space for internal and external activities from trampolines, soft play for under 5’s, dodge ball, zip wires and fun outdoors activities such as crazy golf as well as exciting new activities brought to the market. In addition, the new adventure parks will typically include outdoor picnic areas with BBQ pits and other adventures.

Holmes Investment Properties, CEO, Martin Helme said: “The identification of the first 5 sites is an exciting development. Whilst there is clearly a long way to go, we are on target to open the first adventure park in 2018.”