01 March 2019 - Darwin Leisure Development Fund acquires Dundonald Links golf course
Darwin Leisure Development Fund acquires Dundonald Links
Dundonald Links, one of Scotland’s leading championship golf courses has been acquired by the Darwin Leisure Development Fund. The club, which has hosted the Scottish Open and is considered to be among the 100 finest golf courses in the world, was sold by Loch Lomond Golf Club for £4.5 million.
Dundonald Links will now join the Darwin Escapes Golf portfolio of golf courses, which also includes The Springs in Oxfordshire and The KP Club in Yorkshire. Darwin Escapes has recently made a multi-million pound investment to upgrade the clubhouse facilities and course at The Springs and has ambitious plans to transform the clubhouse at Dundonald Links in order to create a state-of-the art facility with high quality leisure and dining options and a market-leading indoor performance centre.
15 June 2017 - Darwin Leisure Development Fund makes first acquisition
Darwin Leisure Development Fund makes first acquisition
The Darwin Leisure Development Fund has purchased its first property. Stratford Armouries, located just 4 miles from the centre of historic Stratford-upon-Avon in Warwickshire, was acquired in June 2017. The 8.8 acre property is adjacent to the Stratford Armouries museum and at present is a greenfield site.
There is planning permission in place for 44 static caravans, and the Darwin Leisure Development Fund plans to develop the site into a luxury lodge retreat. The new retreat will make an ideal base for those seeking premium self-catering accommodation to visit local attractions such as Shakespeare's Birthplace and Warwick Castle.
03 April 2017 - New holiday park investment fund launches for institutional investors
New holiday park investment fund launches for institutional investors
Darwin Alternative Investment Management Limited (Darwin Alternatives) has launched the Darwin Leisure Development Fund, which will invest in the £6bn UK holiday park industry. The Fund, and Darwin Alternatives, are managed by the same award-winning team behind the Darwin Leisure Property Fund.
This new fund will be available to institutional investors only and will follow a similar operating model to the Darwin Leisure Property Fund, with two important differences:
- First, it will focus on parks with potential for redevelopment and sites which have planning permission that has not yet been implemented.
- Second, unlike the Darwin Leisure Property Fund, this fund will utilise modest gearing, at a level of around 20%, to help finance acquisitions and redevelopment.
The Fund will target annual returns of 10-14% and capital growth, rather than income, will be the main driver. This will be achieved though:
- Exploitation of existing planning permissions.
- Development gains from new planning permissions.
- Modest level of gearing (max 20% at Fund level).
- Proven ’operational excellence’ model of management of parks post development.
Note: The manager of the Fund is Darwin Alternative Investment Management (Guernsey) Limited which is regulated by the Guernsey Financial Services Commission. Darwin Alternative Investment Management Limited is the investment adviser to the Fund and is authorised and regulated by the Financial Conduct Authority.
Darwin Alternative Investment Management Limited:
Registered in England & Wales No. 08100415.
Registered office – Empire House, 175 Piccadilly, London, W1J 9EN. www.darwinalternatives.com