Dreamland operator receives £10m investment for sale

Operators of the Dreamland theme park, which went into administration in May 2016, have agreed to extend its loan facility with Cayman Island-based hedge fund company, Arrowgrass, to almost £10m in order to prepare the site for sale. The sorry tale of Margate’s troubled leisure complex Dreamland continues, albeit with an end-game in mind. Having initially been loaned  £600,000 in May 2106, an agreement has now been reached between operators Sands Heritage, administrators Duff and Phelps, and Arrowgrass to increase the park’s loan amount to  £9.915m to prepare the site ready for sale. The Dreamland story is not a comfortable [ ] The post Dreamland operator receives £10m investment for sale appeared first on Coinslot.
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