Holmes Investment Properties PLC
Holmes Investment Properties PLC: £75m GBP facility secured for the roll out of family entertainment centres
DGAP-News: Holmes Investment Properties PLC
/ Key word(s): Financing/Expansion
31 January 2020 (“HIP” or “the Company”) £75m GBP facility secured for the roll out of family entertainment centres The facility will be deployed on the roll out of sites for Everyone Entertained and will be supplemented with further equity investment and, as the business progresses, more traditional commercial debt. The aim is to deliver 25 sites over the next five years. Each venue will create approx. 80 new local jobs and will offer multiple indoor activities for all ages and groups along with a dynamic food and beverage offering to cater for the range of customers that #EveryoneEntertained will attract. Set to become an activity and social hub drawing visitors back time and again for days out, the leisure operator will offer an Active Arcade, Paradrop Virtual Reality Parachuting, Escape Rooms, Laser Tag Arena, Huge Soft Play, Life Size Fun Building Blocks, Dinosaur Adventure Golf, Adult and Junior High Ropes and Climbing Walls; alongside the centre’s street kitchen café. Michael Simmonds, CEO of HIP commented “We now look forward to moving on with the development of the projects in 2020; and welcoming team members and customers to try the amazing activities when we open our doors later this year.” Yellow Jersey
Notes to Editors 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.
31.01.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | 965271 |
End of News | DGAP News Service |