Holmes Investment Properties PLC, GB00B61DTR94

Holmes Investment Properties PLC, GB00B61DTR94

08.05.2017 - 17:17:49

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

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."

Contact:

Martin Helme, Chief Executive Officer

+44 (0)7779 601541 or +44 (0)203 709 7120

Martin@hip-prop.co.uk

Murray Harkin, The Lyndon Agency

+44 (0)77852 54639

Murray@thelyndonagency.com

Notes:

Over his long career, Mr David Lloyd - majority shareholder and Chairman of DLAPL - has founded and sold two multi-million pound businesses.

Mr. David 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 adventure parks concept 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 twelve or more being 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.

08-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: Holmes Investment Properties PLC 53 Davies Street W1K 5JH London

United Kingdom Phone: + 44 203 709 7120 E-mail: david@hip-prop.co.uk Internet: www.hip-prop.co.uk ISIN: GB00B61DTR94 WKN: A1H654 Listed: Regulated Unofficial Market in Berlin   End of Announcement DGAP News Service

571075  08-May-2017 CET/CEST

@ dgap.de