DGAP-News: Holmes Investment Properties PLC: £75m GBP facility secured for the roll out of family entertainment centres

31 January 2020

Holmes Investment Properties Plc

("HIP" or "the Company")

£75m GBP facility secured for the roll out of family entertainment centres

Holmes Investment Properties Plc (Berlin: J16), the UK property investment company focused on the leisure sector, is pleased to announce that it has secured a debt facility of £75m for the development of its active family entertainment centres in the UK.

The facility will be deployed on the roll out of sites for Everyone Entertained and will be supplemented with further equity investment and, as the business progresses, more traditional commercial debt. The aim is to deliver 25 sites over the next five years.

Each venue will create approx. 80 new local jobs and will offer multiple indoor activities for all ages and groups along with a dynamic food and beverage offering to cater for the range of customers that #EveryoneEntertained will attract.

Set to become an activity and social hub drawing visitors back time and again for days out, the leisure operator will offer an Active Arcade, Paradrop Virtual Reality Parachuting, Escape Rooms, Laser Tag Arena, Huge Soft Play, Life Size Fun Building Blocks, Dinosaur Adventure Golf, Adult and Junior High Ropes and Climbing Walls; alongside the centre's street kitchen café.

Grant Wright, Managing Director of Everyone Entertained, commented: "We are delighted to announce the securing of this facility which has been worked on by HIP plc on our behalf. The facility will enable us to move into the next phase of our programme as we begin to roll out the first centres and secure further sites in the UK over the course of the year."

Michael Simmonds, CEO of HIP commented "We now look forward to moving on with the development of the projects in 2020; and welcoming team members and customers to try the amazing activities when we open our doors later this year."

Enquiries:

HIP Plc
Martin Eberhardt, Chairman

Yellow Jersey
Charles Goodwin
Georgia Colkin +44 (0)203 004 9512
hip@yellowjerseypr.com

 

Notes to Editors

Holmes Investment Properties Plc

Holmes Investment Properties Plc (Berlin: J16), a UK property investment company focused on the leisure sector, listed on the Berlin Stock Exchange in 2011.

HIP plans to work with leisure operators to source plots of land, acquire sites under option agreements, gain planning consents, build the leisure centre site to the operator's specification and maximise their returns, against a pre-agreed long-term lease with an agreed yield.

As the leisure market continues to grow, along with the number of leisure centres in the UK, HIP intends to partner with fast growing companies, aiming to develop a minimum of 12 leisure centres over the next 5-6 years, significantly enhancing the Company's balance sheet.