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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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Bletchley Park and Eltham Palace's immersive LGBTQ+ show among winners of UK Heritage Awards
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IAAPA cancels Attractions EXPO – pivots to virtual event
IAAPA has cancelled this year's Attractions Expo in Orlando and pivoted to a digital event, announcing a new virtual conference will take place on the same dates – 16-18 November.
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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
Bletchley Park and Eltham Palace's immersive LGBTQ+ show among winners of UK Heritage Awards
The home of British codebreaking, Bletchley Park has been named among the winners of this year's UK Heritage Awards – alongside an immersive performance charting LGBTQ+ heritage.
IAAPA cancels Attractions EXPO – pivots to virtual event
IAAPA has cancelled this year's Attractions Expo in Orlando and pivoted to a digital event, announcing a new virtual conference will take place on the same dates – 16-18 November.
Warner Bros. to open Harry Potter studio attraction in Japan
Warner Bros. has revealed plans to develop a Harry Potter studio tour attraction in Japanese capital Tokyo.
Reykjavik city centre set to welcome ocean-side geo-thermal wellness lagoon in 2021
Attractions and hospitality brand, Pursuit, has unveiled plans to develop a premium oceanfront geothermal lagoon in Iceland.
Therme Group announces development plans to roll out wellbeing resorts across UK
Following approval to build a £250mn wellbeing resort in Manchester, Therme Group has revealed plans to develop and expand its concept in other major UK cities.
COVID-19 stimulus package – VAT cut for hospitality, companies to get apprenticeship funding
The hospitality and attractions sectors will benefit from a temporary cut to VAT as part of stimulus measures announced by chancellor Rishi Sunak.
+ More news   
 
COMPANY PROFILES
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
+ More profiles  
FEATURED SUPPLIER

Painting with Light pushes boundaries to create unforgettable visual concepts
Belgium-based light and video design studio, Painting with Light, will translate the story of your location into a visual experience, using the art of light architecture. [more...]
VIDEO GALLERY

Polin Waterparks & Pool Systems - Experience the experience
Have you ever wondered how the fun is created? Polin Waterparks is a global market leader in the design, manufacture and installation of waterparks and water play attractions. Find out more...
More videos:
Introducing AnimaChat! – Animalive
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08 Oct 2020

VAC 2020 VIRTUAL (The Annual National Conference of Visitor Attractions)

Online, United Kingdom
17-23 Oct 2020

World Leisure Congress 2020

Pinggu, Beijing, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

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