Developer snaps up country park in seven-figure deal

KLPG, a Nottinghamshire-based property developer has purchased Kilvington Lakes, a 231-acre country park, after landing a seven-figure commercial mortgage from HSBC UK.

Kilvington Lakes in the Vale of Belvoir is made up of 36 luxury lodges surrounded by woodland and four lakes. The area includes 80 acres of water, used for canoeing and sailing, and is home to some 180 species of bird.

KLPG has plans to develop the site in the future and has just been granted planning for second home, residential use on the site, which will further support the development of a sensory centre and retreat for disabled children and their families. Alongside the development of a lakeside spa experience, a community woodland will be opening later this year, with a fishery set to open in 2021.

Freddie Reid, director at KLPG, said: “Kilvington Lakes is one of the Midland’s best kept secrets and a place I have long been fascinated by – the opportunity to purchase the site was too good to miss. In this market, you usually have to go to second tier banks, but HSBC UK took the time to understand our vision and our business model and have enabled us to get to where we are today.

“We feel very lucky to have had the support of so many organisations to help us reach this moment, including Philip Aspden, our relationship director at HSBC UK; Trevor Smith and the team at Price Bailey; Nick Laister with RPS Group; and Vik Moothia of Austin Moore.”

Roger Pratt, area director at HSBC UK East Midlands Corporate Banking, said: “We are delighted to have supported KLPG with this purchase. KLPG have ambitious plans for the site and we have no doubt the end result will make Kilvington Lakes a very desirable destination. We look forward to continuing to work with KLPG to help them realise their vision.”