Robin Leisure Park marks first acquisition of 2020
Otium Real Estate has announced the acquisition of the Robin Leisure Park in Wigan for £12.46m for its Otium Leisure Ventures II Fund, from a fund managed by CBRE Global Investors. It is the UK’s first leisure park investment deal of 2020.
The 96,163 sq ft park comprises Wigan’s only multiplex cinema Empire cinema, alongside JD Gym, Buzz bingo, Pizza Hut and Frankie and Benny’s.
Ashley Blake of Otium said: “We are delighted to add this leisure park to the Fund’s portfolio. Its tenant line-up and location are established, showing us that the scheme still has significant potential for growth – we will be working closely with the tenants to enhance the park further. From this strong start to the year we are keen to acquire further leisure assets during 2020.”
Bruce Gillingham Pollard acted for Otium. Montagu Evans acted for CBRE Global Investors.