Popular visitor attraction Lightwater Valley has been sold to attractions operator Livingstone Leisure for an undisclosed sum.
Advisors on the deal on behalf of Ball Investments and Heritage GB included Richard Robinson, partner and head of corporate, and Gareth McIntegart, corporate consultant at Napthens, and John Daly and Helen Gibson from RSM provided corporate finance advice. GVA, the leading UK real estate adviser, marketed the theme park, near Ripon in North Yorkshire, on behalf of Jersey-based Ball Investments.
Ball Investments acquired the park in 2001 and under its ownership it was managed by Heritage GB.
Richard Baldwin, director, retail, hotels and leisure at GVA, said: “After considerable interest in Lightwater Valley, we are delighted to have completed this sale.
“The conclusion of this transaction is a clear illustration of the positive sentiment towards the alternative leisure markets as healthy investment propositions.”