London leisure property business secures new liquidity from Santander UK

A London leisure property business has secured new liquidity from Santander UK to support working capital requirements.

Founded in 2008, Darwin Leisure Property Fund (DLPF) owns 18 high quality holiday parks operated under the ‘Darwin Escapes’ brand. Designed to appeal both to customers looking for a luxury break and those in search of an affordable domestic holiday, the parks offer self-catering accommodation, leisure facilities, and provide a base from which customers can explore the local area.

DLPF will use the bank’s funding to support working capital requirements at an individual park level as well as providing a liquidity facility to enable the Fund to efficiently manage the cash flow of redemptions and acquisitions.

James Penney, chairman, Darwin Alternatives said: “We are delighted to announce our partnership with Santander UK and the implementation of a new credit facility.

“This new funding source will allow us to continue to grow the Darwin Leisure Property Fund, creating long term value for our investors and driving growth in the UK holiday park sector.”

Alex Fuller, regional director, consumer services, Santander UK commented: “We’re delighted to be working with Darwin in the exciting and developing premium holiday park sector. DLPF is a close strategic fit with our proposition, and we look forward to supporting its ongoing growth.”

Over the last 10 years, DLPF has generated an average annual return of 8.88 per cent for its investors, predominantly pension funds of local authorities with a long-term investment horizon. Selective acquisitions are made where Darwin can improve the quality of the parks to increase revenue streams and reduce costs.

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