London Resort s theme park bid for Kent moves a step closer basildonstandard.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from basildonstandard.co.uk Daily Mail and Mail on Sunday newspapers.
Plan for £3.5bn London Resort theme park passes key planning hurdle
The planning application for the £3.5bn London Resort has passed its hurdle after the Planning Inspectorate accepted it for examination.
The proposed London Resort comprises two theme parks covering an area of 465ha in Swancombe, Kent.
The plans have been developed by London Resort Company Holdings (LRCH) and are backed by Paramount Pictures. Keltbray has worked closely with LRCH on the planning application.
The Planning Inspectorate will now carry out a detailed examination of the proposal before the government has the final say on the application. The entire process could take up to 18 months to conclude.
DUBAI: The London Resort, a $2.6-billion, high-profile theme park development backed by Kuwaiti money, has applied for planning permission from the British government, claiming the project will add £50 billion ($68.38 billion) to the UK economy over the next 25 years. The project was launched in October 2012 by the London Resort Company Holdings and is backed by the Kuwaiti
The London Resort, a $2.6-billion, high-profile theme park development backed by Kuwaiti money, has proved popular with Middle Eastern investors in the Gulf Cooperation Council and the UK, an investment broker told Arab News following a recent visit to the region.
“Generally speaking, those whom we’ve spoken to have been of Middle Eastern origin,” said James Hayward, investment director at London-based investment brokerage Farrbury Capital Partners.
“We market globally. We still have healthy investment in the UK, although I would also say those who invest from the UK have been predominantly of Middle Eastern descent. It is very, very popular in this neck of the woods. So that’s predominantly where we are seeing investment coming from,” he added.