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Keltbray moves into Kent theme park project
POSTED 09 Nov 2018 . BY Luke Cloherty
The proposed theme park project in Kent, England – formerly called the London Paramount Entertainment Resort, until the Hollywood film studio pulled out – has had a £25m (US$32.5m, €28.7m) cash injection via a deal with construction firm Keltbray.

The financiers behind London Resort Company Holdings (LRCH), the firm behind the project, have set up a joint venture with the construction giant LR Keltbray JV Holdings.

The project has been in the plans for some years now and construction was due to begin in October 2016, but LRCH is yet to submit a planning application for the theme park.

If built, it will sit on the Swanscombe peninsula near Ebbsfleet International Station in Kent and its price tag has risen from the reported £3.5bn (US$4.6bn, €4bn) to £5bn (US$6.5bn, €5.7bn).

Keltbray CEO Brendan Kerr said: "Keltbray is recognised in the industry as an enabler of projects. It has long prided itself on its ability to manage the most challenging of projects thanks to its investment in training, design and plant.

"At 7 million sq ft (650,321sq m), this new theme park won’t be an easy project but that is why the formulation of this joint venture with LRCH is an ideal partnership."

LRCH chair and Conservative MP Steve Norris added: "We have been discussing for some time the best way to harness their specialist construction industry expertise alongside their ability to act as a catalyst for further industry participation and investment.

"Over the next five years, this project will become one of the largest construction projects in the UK and their involvement takes us a significant step closer to delivering a world-class resort."
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NEWS
Keltbray moves into Kent theme park project
POSTED 09 Nov 2018 . BY Luke Cloherty
The proposed theme park project in Kent, England – formerly called the London Paramount Entertainment Resort, until the Hollywood film studio pulled out – has had a £25m (US$32.5m, €28.7m) cash injection via a deal with construction firm Keltbray.

The financiers behind London Resort Company Holdings (LRCH), the firm behind the project, have set up a joint venture with the construction giant LR Keltbray JV Holdings.

The project has been in the plans for some years now and construction was due to begin in October 2016, but LRCH is yet to submit a planning application for the theme park.

If built, it will sit on the Swanscombe peninsula near Ebbsfleet International Station in Kent and its price tag has risen from the reported £3.5bn (US$4.6bn, €4bn) to £5bn (US$6.5bn, €5.7bn).

Keltbray CEO Brendan Kerr said: "Keltbray is recognised in the industry as an enabler of projects. It has long prided itself on its ability to manage the most challenging of projects thanks to its investment in training, design and plant.

"At 7 million sq ft (650,321sq m), this new theme park won’t be an easy project but that is why the formulation of this joint venture with LRCH is an ideal partnership."

LRCH chair and Conservative MP Steve Norris added: "We have been discussing for some time the best way to harness their specialist construction industry expertise alongside their ability to act as a catalyst for further industry participation and investment.

"Over the next five years, this project will become one of the largest construction projects in the UK and their involvement takes us a significant step closer to delivering a world-class resort."
MORE NEWS
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+ More news   
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Continuum Attractions
Salary: Up to £24,000
Job location: Oxford, UK
Head of Cultural and Community Services
South Derbyshire District Council
Salary: Up to £65,000
Job location: Derbyshire, UK
Attraction Operations Manager
Legoland Discovery Centre
Salary: Competitive
Job location: Tempe, Arizona, USA
Customer Relationship Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Sydney NSW, Australia
Regional HSS Manager (Asia)
Merlin Entertainments Group
Salary: Competitive
Job location: Shanghai, China
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Eureka
Salary: Circa £42,000 per annum
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Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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