Lincolnshire caravan site sold for £10m
Coastfields Leisure, a holiday village operator based on the Lincolnshire coast, has bought a caravan site in Skegness for £10m with funding from HSBC.
The 40 acre site, North Shore Holiday Centre, is home to 600 static and touring plots, and a number of holiday apartments and camping pods.
The addition of the new caravan park to Coastfields’ portfolio follows the recent acquisition of 12 acres of land for the expansion of its Skegness Fields Park which was also supported by HSBC.
Lloyd Silvester, director at Coastfields Leisure, said: “North Shore Holiday Centre provided the ideal investment for our business, as an established, centrally located park. HSBC’s support has enabled us to secure the future of this much loved holiday destination and provide continued investment into tourism in Skegness. Our aim is to be the largest holiday village operator in the East of England – this new park brings us one step closer to achieving that goal.”
Roger Pratt, HSBC’s area director for corporate banking in the East Midlands, said: “HSBC is supporting UK businesses and helping to rebalance the economy outside of London. We’re thrilled to be able to support Coastfields in this acquisition, which adds a substantial number of plots to its strong portfolio as well as a boost to the local economy.”
