Keltbray to invest £25m in London Resort formerly backed by Paramount

The developers of the London Resort Project, formerly known as London Paramount, will partner with construction engineering company Keltbray with the intention to invest £25 million into the project.

Keltbray is a leading specialist business which offers specialist engineering and construction services. The company was involved in developments including the 2012 Olympic Park and venues, Earls Court and Crossrail.

Steve Norris, Chairman of London Resort Company Holdings, said: “We are delighted to welcome Keltbray to this most exciting project. We have been discussing for some time the best way to harness their specialist construction industry expertise alongside their ability to act as a catalyst for further industry participation and investment. Over the next five years, this project will become one of the largest construction projects in the UK and their involvement takes us a significant step closer to delivering a world class resort.”

“Not an easy project”

This project suffered a setback in June when Paramount withdrew from its licensing deal with London Resort Company Holdings Limited (LRCH).

The attraction is planned for a site on the Swanscombe Peninsula between Gravesend and Dartford, alongside the Thames.  The 535 acre (216 hectare) “tourist attraction of a scale and quality unprecedented in the UK” will be just 17 minutes from London by high-speed rail. LRCH’s plans include a world-class theme park, cinemas and nightclubs together with conference and exhibition space. Popular brands, IPs and stories will be brought to life from film and TV with state-of-the-art rides and attractions. The projected opening date is currently 2023. It is expected to create around 27,000 jobs.

LRCH executives also revealed that partners and intellectual properties would be disclosed by the end of the year. Agreements are still in place with Aardman and BBC Worldwide. This will be ahead of a fifth round of public consultations on the plans next year.

Brendan Kerr, CEO of Keltbray, commented: “Keltbray is recognised in the industry as an enabler of projects. It has long prided itself on its ability to manage the most challenging of projects thanks to its investment in training, design and plant. At seven million square feet, this new theme park won’t be an easy project but that is why the formulation of this JV with LRCH is an ideal partnership. We’re delighted to be involved in what I’m sure will provide a significant boost to both employment and tourism in the UK.”