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Local Name:
The London Resort
Former Name(s):
Paramount Park London
Budget:
3.2B
Announced:
08 Oct 2012
Construction Start:
Opening:
2024
Area:
353 ha
  1. Not the most exciting article (it's a rumour about the construction company shortlist) but there are some weird things in here about financing and who is involved in this project that made me suspicious.

    One of India’s top conglomerates, the Shapoorji Pallonji group, is in the final lap to bag the construction mandate of the UK’s largest amusement park, persons aware of the development told Business Standard.
    I cannot find any evidence that Shapoorji Pallonji group have any experience of theme park construction. They have some projects completed but nothing tourist attraction related. If anyone knows any different please let us know! The park is majority funded by a private Kuwaiti family and major contracts are being given to Indian companies including contracts for services which have previously been promoted as a benefit to the local community in Kent.

    “The project is well-funded by Kuwaiti European Holdings (KEH), which is part of the Al Humaidi family of Kuwait. The family holds the majority shareholding in the London Resort Company Holdings. We are not raising any debt or equity currently,” Gerbeau said.

    The holding company is also looking at sourcing other requirements from the country, Das said. “Hospitality and technology are some of the sectors of interest to us, where we are open to Indian partners,” he said.
    This is the one that caught my attention though…

    The project will also tap into the large base of high net worth individuals in India looking to invest in the UK. It is working on a real estate linked financial return product for 998 years with two weeks of free stay every year including free tickets. “It’s a unique asset class designed for investors in a post-Covid world,” said Das.
    This is a classic timeshare scheme for investors looking to ‘buy’ into the UK, close to London. This as a way to finance a theme park, one that Gerbeau says in the article doesn’t need funding because of its owners, strikes me as incredibly strange.

    It sounds very much like the schemes we saw in China a few years ago and Dubai before the financial crises where land was purchased under one set of rules because it included “major infrastructure” of a theme park but then the parks never got built with only apartments (or sometimes nothing) built on the site. There were many projects of this type, you only need to look through the history on this site on limbo/fail to see investors who never got what was promised.

    Without wanting to sound too much like a conspiracy theory – these are the things I took from this article. A Kuwaiti investor working with an Indian construction company, with no history of delivering this type of project, is selling timeshares and contracts to Indian people and companies. They have land with access to central London in 17 minutes that isn’t eligible for building housing but by adding a theme park to the plans they bypass the regular planning laws. I would prepare for a phase 1 with housing developments and possibly hotels to “fund” the park and then nothing after that.

    Source: https://www.business-standard.com/article/companies/shapoorji-pallonji-among-4-finalists-for-535-acre-theme-park-uk-s-largest-120070500293_1.html

  2. Michael is offline themeparX Top Investigator
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    Mar 2016
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    2,081
    Quote Originally Posted by Jart View Post
    SouthParks has released details of the recently published Environmental Scoping report which reveals a few new bits of information.

    Key details:
    - Roller coasters will not exceed 40m, "mountains" will not exceed 60m and buildings will not exceed 32m
    - A mixture of IP-based attractions and original themes are in the works
    - They are still intending for a second gate to open in 2029 with an estimate of 12.5 million visitors per year (6.5 million for first gate in 2024)
    - 4 hotels are planned totalling 3550 rooms with 2500 available for the opening of gate one, one hotel could be located within gate one in similar style to Disneyland Hotel in Disneyland Resort Paris
    - A 3000 seat convention/conference centre is proposed along with an eSports arena and a number of theatres

    More details about car parking, transport links, staff housing and more are in the link below:
    https://www.southparks.co.uk/2020/06/24/london-resort-submit-scoping-report/
    Thank you for posting Jart!

    Included in the article is the link to the Environmental Impact Assessment Scoping Report itself which shows a recent design of the resort's masterplan by Rethink Leisure & Entertainment:


    Early designs shown in the report:




    Source: https://www.southparks.co.uk/files/2020/06/London-Resort-Scoping-Report.pdf

  3. Jart is offline New User
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    Jun 2020
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    1
    Environmental scoping now available for The London Resort.

    SouthParks has released details of the recently published Environmental Scoping report which reveals a few new bits of information.

    Key details:
    - Roller coasters will not exceed 40m, "mountains" will not exceed 60m and buildings will not exceed 32m
    - A mixture of IP-based attractions and original themes are in the works
    - They are still intending for a second gate to open in 2029 with an estimate of 12.5 million visitors per year (6.5 million for first gate in 2024)
    - 4 hotels are planned totalling 3550 rooms with 2500 available for the opening of gate one, one hotel could be located within gate one in similar style to Disneyland Hotel in Disneyland Resort Paris
    - A 3000 seat convention/conference centre is proposed along with an eSports arena and a number of theatres

    More details about car parking, transport links, staff housing and more are in the link below:
    https://www.southparks.co.uk/2020/06/24/london-resort-submit-scoping-report/

  4. MouseEars is offline themeparX Top Investigator
    Join Date
    Mar 2020
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    39
    The news story about a "UK Disneyland" is doing the rounds again with the British newspapers. Think this got started with the most recent news about further planning applications but it's all over news sites and social media again.

    I know people say there's no such thing as bad news but you would think someone at The London Resort would try to manage these. They don't accurately portray the project at all.

    Same story as previously with headline using the Disney brand and the same old concept art. Here's a selection of the sites hosting this "news"...

    https://www.mirror.co.uk/travel/news/incredible-plans-reveal-what-35bn-22163260
    https://www.thewestmorlandgazette.co.uk/news/18509129.new-plans-reveal-3-5bn-uk-disneyland-theme-park-will-look-like/
    https://www.manchestereveningnews.co.uk/whats-on/whats-on-news/amazing-new-plans-show-what-18386235
    https://www.timeout.com/london/news/plans-revealed-for-londons-new-theme-park-the-uks-answer-to-disneyland-060820

  5. Liam19 is offline Curious Chap
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  6. MouseEars is offline themeparX Top Investigator
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    Mar 2020
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    I have also just noticed that under the 'News' section there used to be a lot of "project documentation" but that area is now clear of any documents at all. Does anyone know when they were removed or does anyone remember what specifically was there that might now be irrelevant?

    See here... https://londonresort.info/news/

  7. MouseEars is offline themeparX Top Investigator
    Join Date
    Mar 2020
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    Some more details for this new consultation.

    Today, The London Resort announced it has taken four significant steps in its preparation to submit proposals later this year. Despite the massive disruption caused by COVID-19, The Resort’s expert team has maintained strong progress on its work and confirmed:

    1. Proposals for a ‘late-summer / early autumn’ public consultation including online and ‘virtual’ engagement

    2. Confirmed submission of a 300-page Environmental Scoping report by 12th June

    3. Contacted advisors of affected local businesses, setting out terms for the acquisition of land including an additional premium

    4. Written to the Community Liaison Group to help share information about the project
    “The team have been immense, working incredibly hard during these awful times. I joined just under a year ago and we are always being asked to hurry up. Well, I am happy to tell you we have made strong progress and these reports are hugely important. This is a significant step in transforming an amazing and ambitious dream into reality.

    “We obviously can’t hold a public consultation in the normal way – but we will make sure we reach out to local residents and businesses as well as the wider community and stakeholders. We are talking to Government about how we will be using digital technology, websites, video conferences and online Question and Answer Sessions.”
    Source: https://londonresort.info/news/the-london-resort-announces-public-consultation/

  8. Michael is offline themeparX Top Investigator
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    Mar 2016
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    As The London Resort works towards submitting its final masterplan, public consultations will "be held across August and September"

    Sources: https://www.kentonline.co.uk/dartford/news/theme-park-bosses-announce-digital-consultation-228200/ and https://www.copperconsultancy.com/insight/copper-provides-support-for-a-next-generation-theme-park-the-london-resort/

  9. It's obviously terrible that Py contracted COVID-19 and great that he has recovered but the fact that they are saying things are falling behind because he was sick for a number of weeks is ridiculous. How is seemingly one single man responsible for this massive project?

    "It knocked him out for a couple of weeks," he said. "But he was propped up in bed with an iPad getting the show on the road."

    Now he says theme park bosses are more determined than ever to deliver the project, adding "our ambition for the creating a world class resort remains unchanged."
    But London Resort communications director, Andy Martin maintains the project is still on course and said delays were not uncommon for a complex project of this size.

    He said theme park bosses were holding Zoom calls with all concerned parties and fine-tuning their master plans.Changes to the application timetable were agreed in advance, he added, with complex considerations such as the planned works for the A2 near Ebbsfleet, and the ongoing Lower Thames Crossing proposal factored in.
    The full application is now expected to be submitted in Autumn, to be followed by a further public consultation.There will then be 28 days to review the application and decide whether or not to accept it for examination.
    Source: https://www.kentonline.co.uk/dartford/news/theme-park-boss-recovers-from-coronavirus-226181/

  10. They could at least start digging the foundations, to give us some hope that this will happen someday. I'm sure they will put the blame on the Brexit scenario, even though its right next to a quarry with the biggest supply of concrete in the UK.

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