RE: Baltimore/Earthport Litigation11 May 2009 09:04
Oak Holdings plc ("Oak" or the "Company"), the AIM listed property development and consultancy group, is pleased to announce that on 7 May 2009 it executed an Agreement with Rotherham Metropolitan Borough for a 7 year Head Leasehold interest in the Rother Valley Country Park ("The Park"). Oak will take over the operation and management of the Park, with a clear strategy to improve and enhance the existing facilities whilst also banking on a programme of progressively introducing new attractions to widen the appeal of this existing significant destination which currently attracts over 800,000 visitors per annum.
The Park, which extends to 1,097 acres, will be integrated into Oak's adjacent 327 acre, GBP300 million YES! Project, the Development Agreement for which was executed in August 2008. The YES! Project will comprise 1.2million sq ft covered, fully integrated, mixed-use, leisure and entertainment based resort, activity and conference destination, situated within a regenerated parkland setting within 2 Km of the M1. When completed the project will become the largest undercover leisure based scheme in Europe