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Paramount Theme Park plans take a step forward

PUBLISHED: 09:06 12 January 2015 | UPDATED: 17:19 12 January 2015

London Paramount entrance gate

London Paramount entrance gate

Archant

The land owner has agreed a deal to sell the site

The proposed £2 billion theme park on the Swanscombe Peninsula has taken a leap forward, after the owner of the land signed a deal to sell it to the park’s developer.

The owner of the land, Lafarge Tarmac, has signed a ‘Binding Option Agreement’ with London Resort Company Holdings (LRCH) - this means that LRCH is now able to purchase the 388 acres to deliver the theme park. The land - known as the Swanscombe Peninsula - was previous the largest cement works in the UK. It closed in 1993.

David Testa, executive director of LRCH said: “With this agreement in place, the vision for north Kent as the home of a nationally significant, multi-billion pound entertainment resort employing thousands of people is moving closer to becoming a reality.

“It further underlies our commitment to delivering the project and is welcome news as we continue to consult and engage with the local Dartford and Gravesham communities living near the site and more widely with our interested parties.”

Two stages of public consultation have been held by LRCH to date, involving over 4,000 members of the Kent community. A further two further stages of consultation are planned before LRCH intends to submit a draft development consent order in autumn 2015.

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