Swanscombe Development LLP is selling the site of the proposed £2.5 billion London Resort theme park in Kent.
The London Resort was to feature two parks across 535 acres of former industrial land on the Swanscombe Peninsula near Dartford.
Swanscombe Development LLP, a joint venture between Aggregate Industries and Anglo American International Holdings, owns approximately 372 acres on the peninsula, including 39 acres of tenanted land at Manor Way Business Park.
The corporate vehicle is now up for sale, as is the freehold on the land designated for the theme park. Property firm Savills is handling the sale for an undisclosed sum, and the deadline for offers is 26 July.
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Swanscombe Development LLP had granted an option for London Resort Company Holdings (LRCH) to buy the land to build the theme park, but this expired in December 2022 and has not been renewed.
A description of the site on Savills says the land “forms part of an area that is the subject of nationally significant infrastructure project (NSIP) status relating to the proposed London Resort entertainment resort [and] theme park”.
“It was subject to a development consent order submission accepted for examination in January 2021 but later withdrawn. The London Resort scheme retains NSIP status,” the description says.
“An option agreement in favour of London Resort lapsed in December 2022 and has not been renewed.”
London Resort theme park plans
London Resort Company Holdings withdrew its planning application for the theme park in March 2022 after the Swanscombe Peninsula was designated a Site of Special Scientific Interest (SSSI) by Natural England.
In December 2022, PY Gerbeau stepped down as CEO of the London Resort. Despite his departure, the developers said a new planning application would be resubmitted in 2023.
In March 2023, the company appointed administrators after incurring £100 million in debts.
Images courtesy of London Resort Company Holdings / Swanscombe Development LLP
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