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Holmes Investment Properties PLC, GB00B61DTR94

Holmes Investment Properties PLC, GB00B61DTR94

21.09.2021 - 08:03:12

Holmes Investment Properties PLC: Contracts Exchanged on Stanley Park Golf Course

Holmes Investment Properties Plc

("HIP" or "the Company")

Contracts Exchanged on Stanley Park Golf Course

Key Highlights

- 21st Century redeveloped golf offering.

- Flagship venue for David Lloyd's new leisure venture, Adrenalin World.

- New holiday lodge development.

- Total of ?45m GBP development.

- Improved accessibility to green space for Blackpool Residents

- 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 and UKAP (Blackpool) Holdings Limited ("UKAP"), a wholly owned subsidiary, have exchanged contracts on a six year lease over the land known as Stanley Park Golf Course. The Agreement for Lease that, subject to planning consent being approved, and subsequent construction of the adventure park, lodge development and redevelopment of the golf course respectively will provide UKAP (Blackpool) Holdings Limited with new leases of 175 years, has also been executed.

Prior to HIP submitting a planning application, there will be an extensive pre-application consultation on the plans where the public can view the proposals and provide feedback to the project team. The public consultation will comprise resident notices to properties within the local area, meetings with local groups, a public exhibition and a consultation website with an online survey. The professional team is led by internationally renowned design practice Ryder Architecture (www.ryderarchitecture.com) and project managed by Paragon Building Consultancy (www.paragonbc.co.uk). The public consultation will be launched in late October.

In the meantime UKAP have set up a facility to register for further information and notifications when the public consultation launches by going to www.ukapblackpoolconsultation.co.ukMichael Simmonds, CEO of Holmes Investment Properties Plc said; "We are very pleased to be moving forward with the project at Stanley Park Golf Course and look forward to sharing our exciting plans with the public in the coming weeks to create a unique new leisure destination for Blackpool"

HIP will now continue the process 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 221hip@yellowjerseypr.comBlackpool Council +44 (0) 1253 477273 Jenny BollingtonJenny.bollington@blackpool.gov.uk

Notes to EditorsHolmes 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.

End of Media Release Issuer: Holmes Investment Properties PLC Key word(s): Real estate

21.09.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.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 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: 1234733 ? End of News DGAP Media


@ dgap.de