Belvedere Leisure Resorts Plc have launched a 5 year bond on the NEX Exchange Growth Market paying 6.25% annual coupon with an aim to raise £25 million.
Belvedere Leisure Resorts Plc is a wholly owned subsidiary of Belvedere Leisure Park Limited which owns 109 acres of land in Dumfries & Galloway in the South West of Scotland and has full planning to develop a luxury holiday resort.
The funds raised, secured by way of a Corporate Guarantee, are to be loaned to Belvedere Leisure Park Limited and will be deployed to build out phase one and the opening of the resort to the public, with its opening date scheduled for the end of Q1 in 2021. Phase one will comprise of 120 lodges plus all central facilities including bar, brasserie, restaurant, children’s recreational and full gym and spa facilities.
For further information visit https://www.belvedereleisureresortsplc.com
Alfred Henry Corporate Finance Limited were appointed NEX Corporate Adviser in relation to this transaction. Druces LLP were the appointed were the Legal Advisers in relation to this transaction. Jeffreys Henry LLP were the appointed Reporting Accountants.