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Local Name:
Paramount Park London
Budget:
3.2B
Announced:
08 Oct 2012
Construction Start:
Opening:
2021
Location:
Kent, UK
Area:
353 ha
Developer:
London Resort Company Holdings
Operator:
Feasibility Study / Consultants:
LDP, Paramount, VisionXS
Contractors:
Ride Suppliers:
Other Suppliers:
  1. CarlySX is offline themeparX Top Investigator
    Join Date
    Dec 2015
    Posts
    739
    UK newspapers are still featuring press releases which link them with Paramount but there is nothing new in them. No different news or updated images etc.

    From August 3rd...

    We hear there have been some hurdles so far - have they been overcome?
    The project hit the headlines in February when chief executive David Testa resigned after Chinese investment firm SinoFortone raised doubts over their £100m pledge.
    But Humphrey Percy, group CEO of the project's parent company Kuwaiti European Holdings, said Testa's departure was "coincidental" and he has simply resigned to "go off and do other things"
    Mike Morrison has been hired as the new Chief Financial Officer and in the past has held senior positions at Morgan Stanley and WestLB AG.
    Source: http://www.mirror.co.uk/news/uk-news/uk-disneyland-style-theme-park-10922577

  2. Christina is offline New User
    Join Date
    Jul 2017
    Posts
    1
    Hi Giwreh,

    The project does not appear to be feasible - from your perspective? This is interesting...

    So have you been working on the project from the beginning? If so would be great to hear more from you


    Quote Originally Posted by Giwreh View Post
    In december 2012, I analysed the proposal.
    Was very sceptic about market feasibility. (Not feasible, based on the market only)
    Since march 2013, I could analyse the proposal again, with business references.
    Feasibility was dead. In this second review : financial feasibility was dead born as well.
    Shared my analysis with several other IAAPA consultant members.
    There were 2 camps :
    - those who thought they could still earn some share of the dead-born kids development money,
    - and those who got a clear view of no-go as well.
    Opportunist money grabbing has aways existed. They do not care at all if a project gets born bankrupt.
    I still doubt that all concept designers have been paid...
    Anyway, feasibility on this project is negative. Since start. And that's it...

  3. Is there any clear evidence that they are in negotiations with universal? If so, sources.

  4. It's not a Paramount Park anymore. It'll be another big movie IP, potentially Universal:
    http://www.themeparx.com/universal-studios-london/

  5. HazelJune is offline themeparX Top Investigator
    Join Date
    Jan 2017
    Posts
    225
    LRCH CEO, Humphrey Percy:
    We are delighted with progress on partnership agreements. We plan to build over 3,500 hotel rooms, operated by our new partner, Intercontinental Hotel Group; constructing the majority of the Resort and new roads and infrastructure with materials stored at and transported from Port of Tilbury, with whom we have recently signed an agreement. We are now in very detailed commercial negotiations regarding partners, the concepts they are embracing and some of the incredible creative propositions.



    Source: http://www.themeparks-uk.com/uk-theme-park-news/london-resort-now-set-to-open-in-2023

  6. Official Press Release

    London Resort Company Holdings (LRCH), the developer behind the plans to build a multi-billion pound entertainment resort, announces that its final round of public consultation on plans for the London Resort will be taking place in early 2018 and that it will be submitting the Development Consent Order application in Spring. This latest round of events represents the fifth stage of an extensive programme of community engagement carried out by LRCH, which has already seen over 8,000 people participate. The anticipated grand opening date is in 2023.

  7. Giwreh is offline Senior Park Investigator
    Join Date
    May 2014
    Posts
    8

    Dead born

    In december 2012, I analysed the proposal.
    Was very sceptic about market feasibility. (Not feasible, based on the market only)
    Since march 2013, I could analyse the proposal again, with business references.
    Feasibility was dead. In this second review : financial feasibility was dead born as well.
    Shared my analysis with several other IAAPA consultant members.
    There were 2 camps :
    - those who thought they could still earn some share of the dead-born kids development money,
    - and those who got a clear view of no-go as well.
    Opportunist money grabbing has aways existed. They do not care at all if a project gets born bankrupt.
    I still doubt that all concept designers have been paid...
    Anyway, feasibility on this project is negative. Since start. And that's it...

  8. CarlySX is offline themeparX Top Investigator
    Join Date
    Dec 2015
    Posts
    739
    This is the most up to date Google Earth (April 2017) and, as you can see, there is nothing going on. We won't see anything until they get the planning application in around November I think.


  9. HazelJune is offline themeparX Top Investigator
    Join Date
    Jan 2017
    Posts
    225
    Resort planning application remains on track for November 2017 as Paramount and LRCH discontinue licence agreement
    The website shows the plan for the park:


    1. A world-class theme park with themed rides, attractions and experiences, as well as daytime and night-time shows and parades
    2. A range of hotels including flexible space capable of hosting conferences, exhibitions and events
    3. A range of indoor entertainment including cinema and nightclubs
    4. Themed food and beverage outlets and retail
    5. Control centre and guest service facilities
    6. Transport improvements including a dedicated dual carriageway access road between the A2 and the Entertainment Resort
    7. A green network to include areas of environmental enhancement and wildlife habitat creation beside the River Thames
    8. A range of connectivity improvements including public footpaths and cycle routes along the River Thames and enhancements to the existing jetty on the river to facilitate access by boat
    9. Thousands of onsite car park spaces plus provision for coaches, motorcycles and bicycles
    10. Enhancements to flood defence works
    11. Landscaping including water features such as ponds

    Source: http://londonresort.info/#theproject


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