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Holmes Investment Properties PLC: Signs MoU with Major Trampoline Operator

DGAP-News: Holmes Investment Properties PLC / Key word(s): Miscellaneous Holmes Investment Properties PLC: Signs MoU with Major Trampoline Operator 22.05.2017 / 09:17 The issuer is solely responsible for the content of this announcement. Holmes Investment Properties PLC Signs MoU with Major Trampoline Operator

Holmes Investment Properties Plc (HIP) have secured a second sports and leisure partner, for whom HIP will source and purchase land to develop sports and leisure centres on their behalf.

HIP is a land investment company which currently operates specifically in the sports, leisure and entertainment market to benefit from the sector's continued strong growth. According to research there are 6,435 leisure centres in the UK (source: dbleisure), with an additional 150 venues opening each year, leaving plenty of scope to grow for HIP and its partners.

The new partners are an established trampoline operator with significant growth plans over the coming years. The Memorandum of Understanding is a non-exclusive arrangement to find land in parts of the UK that the operator does not currently have venues. HIP will deliver sites that will allow for a high quality, large venue with trampolines at the heart of the operation and ample car parking. The operator will lease the chosen sites on a long term basis. Once planning permission is granted, Holmes Investment Properties will then fund and build each site to shell and core before passing over to our partner to fit out and open.

Martin Helme, CEO of Holmes Investment Properties added: "We are constantly searching for land to buy then build sports and leisure centres. Our new partner has agreed a Memorandum of Understanding which will allow us to source land for them on a non-exclusive basis. This second partner in the sports and leisure sector will increase the opportunity for HIP to lease out more venues in this growing market. That's very good news."

Contact:

Martin Helme, Chief Executive Officer

[phone] or [phone]
[e-mail]

Murray Harkin, The Lyndon Agency

[phone]
[e-mail]

Notes:

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22.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Holmes Investment Properties PLC
	53 Davies Street
	W1K 5JH London
	United Kingdom
Phone:	+ 44 203 709 7120
E-mail:	[e-mail]
Internet:	www.hip-prop.co.uk
ISIN:	GB00B61DTR94
WKN:	A1H654
Listed:	Regulated Unofficial Market in Berlin

End of News	DGAP News Service

575915  22.05.2017