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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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.

Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
MORE NEWS
Museum operators using AR to take their exhibits global
Two leading museum operators in the UK have partnered with an augmented reality specialist to present holographic exhibits and experiences for students around the world.
John McAslan + Partners-designed M7 cultural hub and museum opens in Doha
A new creative hub in Doha looks to position itself as the new heart of Qatar’s fashion and design industry – as well as a public showcase for innovation and entrepreneurship in the region.
North American and Japanese attractions dominate 2021 Thea Awards
North America and Japan-based visitor attractions and businesses picked up 14 of the 19 Thea Awards this year.
IAAPA news: VRstudios and Creative Works launch 'Fury' VR attraction
VRstudios and Creative Works have launched a new VR-based multiplayer attraction.
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TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
Triotech

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

Family business celebrates 40 years as leading ticketing solutions provider
A leading ticketing company that can boast Wembley Stadium as its first-ever client, is celebrating its 40th birthday this year. [more...]
VIDEO GALLERY

Proslide Tech Inc - ProSlide | Atlantis Dubai
More videos:
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

01-07 Dec 2022

World Leisure Congress 2022

tbc, Dunedin, New Zealand
+ More diary  
 


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©Cybertrek 2021

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