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A world-class Paramount entertainment destination

planned for 2018 in London Suburbs

Update : 08/11/12 - 16h55 Published by François Mayné the 7 November 2012, Project.
The news has hit the headlines in the British media, a consortium of leading UK and international companies grouped under London Resort Company Holdings (LRCH) announced that they have signed an agreement with Paramount Licensing, a division of Hollywood-based Paramount Pictures, for the development of an entertainment destination in the county of Kent, a few kilometers east of the capital London.

Expected in 2018 on a brownfield site of 353 hectares / 872 acres located in the town of Swanscombe on the banks of River Thames, this project includes the construction of a theme park, an indoor water park, an entertainment center with theatres, live music venues, attractions, cinemas, restaurants, an event space and several hotels. Almost 27,000 jobs might be created over time.

The consortium's goal is to make this resort one of the best entertainment destinations in Europe that could even compete directly with Disneyland Paris, currently the top European destination with over 15 million visitors each year. To do so, the investment will be significant: 2 billion British Pounds, or about €2.5 billion / $3.2 billion.

According to an independent feasibility study, the future Paramount destination could have a significant economic impact on the entire region, the site being located about twenty minutes from Central London via public transport and a few hours by train of several European capitals - including Paris and Brussels - thanks to the Ebbsfleet International station which is part of the Eurostar high-speed railway network.

A world-class Paramount entertainment destination planned for 2018 in London Suburbs

Tony Sefton, project leader for LRCH, said: “Our vision is to create a world class entertainment destination, the first of its kind in the UK. We are at the start of a long journey, but have been encouraged by the support and buy-in we have had to date. We are particularly pleased with the appetite we are seeing from investors, who consider this a compelling investment proposition.”

He continued: “Post Olympics, this is Britain’s next major regeneration opportunity. Over the next 12-18 months we will be progressing the planning application, while embarking on a wide-reaching programme of community consultation, while securing further commercial agreements with third parties. Our timetable for delivery, including the planning application process and construction timetable, is geared towards completion and opening in 2018.”

LRCH have been working closely with both Dartford and Gravesham Borough Councils. In a joint statement, they gave their support to the project: “This development represents a tremendous economic growth opportunity for the region. We have been impressed by LRCH’s commitment to integrating the development with the local community, recognising the many economic and social benefits it promises to deliver.”

After dropping out of the business of amusement parks in 2006, Paramount seems once again to be interested in this industry with the signing of several licensing agreements for different kinds of projects around the world. Examples include another Paramount theme park being developed in Spain in the Murcia region (which is in no way related to British project) or the Star Trek Experience developed by Rubicon Group Holding for the future resort of The Red Sea Astrium in Aqaba, Jordan.

All these agreements do not include investment from Paramount Licensing Inc in the projects.
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Project(55 articles found)

Plans for a Twentieth Century Fox Theme Park unveiled by Resorts World Genting in Malaysia read more

Genting Malaysia Berhad, a company member of the Malaysian conglomerate Genting Group formalized in late July the signing of a licensing agreement...

PROJECT | - Published on August 11, 2013
Disneyland Paris confirms Ratatouille dark ride to open at the Walt Disney Studios Park in 2014 read more

It is at the occasion of the annual general shareholders meeting of Euro Disney S.C.A., operator company of Disneyland Paris, that the Chairman...

PROJECT | Disneyland Paris - Published on March 5, 2013
IMG Theme Park to feature a Cartoon Network zone in Dubai read more

The promoter Ilyas & Mustafa Galadari Group (IMG Group), which is building the future indoor amusement park IMG Theme Park in Dubai, UAE, has...

PROJECT | IMG Theme Park - Published on March 1, 2013
DreamWorks Animation signs a license agreement for three indoor theme park in Russia read more

The California-based company DreamWorks Animation SKG, whose main activity is the production and distribution of animated films and television...

PROJECT | - Published on February 18, 2013
Polin handles the design of a new water park in Macedonia read more

The manufacturer of water slides and attractions for the water parks industry Polin was entrusted once again the design of a new water park,...

PROJECT | Polin - Published on February 13, 2013
Cowabunga Bay Las Vegas to open in 2013 with a world first by Polin read more

There will be not one, but two new water parks to open in 2013 in Las Vegas, USA. Indeed, after the recent announcement of Wet'n'Wild Las Vegas...

PROJECT | Cowabunga Bay Las Vegas - Published on December 12, 2012
A new entertainment destination featuring 5 theme parks planned in Dubai read more

The emir of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has recently approved the development of a new leisure destination of 10 billion AED...

PROJECT | - Published on December 9, 2012
A world-class Paramount entertainment destination planned for 2018 in London Suburbs read more

The news has hit the headlines in the British media, a consortium of leading UK and international companies grouped under London Resort Company...

PROJECT | - Published on November 7, 2012
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