Merlin in £622m property deal | attractionsmanagement.com news
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Merlin in £622m property deal
POSTED 17 Jul 2007 . BY
UK-based Merlin Entertainments has entered into a sale and leaseback deal with Prestbury, the investment vehicle of entrepreneur Nick Leslau, worth £622m.

The deal involves the sale of some of Merlin’s property assets including Madame Tussauds London, Thorpe Park, Alton Towers and Warwick Castle.

The properties will be leased back to Merlin on 35-year renewable leases and Merlin will continue to operate and invest in the businesses as before.

Merlin, which is owned by the US-based Blackstone Group, said that it will use the proceeds from the sale to fun its three-year £200m-plus expansion programme and to repay debt incurred during the £1bn purchase of The Tussauds Group earlier this year.

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Jobs    News   Products   Magazine
NEWS
Merlin in £622m property deal
POSTED 17 Jul 2007 . BY
UK-based Merlin Entertainments has entered into a sale and leaseback deal with Prestbury, the investment vehicle of entrepreneur Nick Leslau, worth £622m.

The deal involves the sale of some of Merlin’s property assets including Madame Tussauds London, Thorpe Park, Alton Towers and Warwick Castle.

The properties will be leased back to Merlin on 35-year renewable leases and Merlin will continue to operate and invest in the businesses as before.

Merlin, which is owned by the US-based Blackstone Group, said that it will use the proceeds from the sale to fun its three-year £200m-plus expansion programme and to repay debt incurred during the £1bn purchase of The Tussauds Group earlier this year.

MORE NEWS
Horniman Museum to return 72 looted artefacts to Nigeria
Decommissioned oil rig transformed into See Monster art installation
An oil rig that spent three decades in the North Sea before it was retired last year is being transformed into an interactive art installation in Weston-super-Mare, UK.
Jake McCoy joins Ted leadership team as director of operations
The Experience Department (Ted) has expanded its European-based leadership team, appointing Jake McCoy to the new position of director of operations.
Fabland Valley Resort launces new walkthrough attraction designed by Triotech
Fabland Valley Resort in Xiangyang in the Province of Hubei, China has opened its new "double walkthrough" attraction.
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WhiteWater was born in 1980 to create places where families unite and make joyful lasting memories [more...]
FORREC Ltd

We create guest experiences others don’t, masterplan like no one else can, and give the world’s bi [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
Triotech

Triotech was established in 1999. The company is based in Montreal, Canada and has additional offi [more...]
+ More profiles  
FEATURED SUPPLIER

Attractions industry to reunite this September at IAAPA Expo Europe in London
For the first time in more than a decade, industry leaders from across the global attractions industry will once again gather in London as part of the annual IAAPA Expo Europe, the sector’s premier international event. [more...]
VIDEO GALLERY

Proslide Tech Inc - ProSlide's all-in-one waterplay entertainment center
RideHOUSE is an iconic waterplay complex purposefully designed for young kids and families to enjoy. Find out more...
More videos:
IAAPA Expo Europe Promo – International Association of Amusement Parks and Attractions (IAAPA)
Red Raion Showreel 2021 – Red Raion
Red Raion TV - Opening Event: FICO Eataly World – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

03-04 Sep 2022

HEALING SUMMIT 2022 - The Healing of Everything

Pine Cliff Resort, Portugal
27-29 Sep 2022

International Congress on Thermal Tourism

Ourense, Ourense, Spain
+ More diary  
 


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©Cybertrek 2022

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