Cumbrian firm acquires 56-acre marina village in Essex
Cumbrian holiday park and marina operator Lakeland Leisure Estates is expanding into the South East.
The Windermere-based company has acquired a marina and leisure complex in Essex with eight-figure funding from HSBC.
The deal, forecast to grow Lakeland Leisure Estates’ revenues by 33% in the next 12 months, has enabled the firm to create six jobs at its Windermere HQ.
Roydon Marina Village occupies a 56-acre site near the northern outskirts of London. Alongside its 350-birth marina, the complex also boasts over 60 holiday lodges and a hotel, café and Italian restaurant.
Lakeland Leisure Estates has plans to refurbish the the Village’s site’s rental lodges and café. It will also invest in new Wi-Fi facilities and site infrastructure.
Nigel Wimpenny, managing director at Lakeland Leisure Estates, said: “This excellent site is a key part of our strategy to grow our marina portfolio, mainly through the acquisition of well-established locations.
“This is the second large purchase we have made with the support of HSBC this year and our relationship director, David Edwards, provided invaluable support throughout.”
He added: “We are now looking to expand and diversify our holiday park offering to customers throughout the UK.”
David Edwards, relationship director for Greater Manchester at HSBC, commented: “Lakeland Leisure Estates is an impressive business with a strong reputation in the leisure industry and a clear growth strategy.
“We’re proud to support it as it expands into new markets; achieving sales growth and creating new jobs in Cumbria.”
Law firm Addleshaw Goddard acted for HSBC in the deal. Walker Morris advised Lakeland Leisure Estates.
The family-run company was founded in 2009 by Phill and Carol Morgan.
Lakeland Leisure Estates’ portfolio includes five marinas and caravan parks across the Yorkshire Dales and Costa del Sol.
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