RNS Number : 9023T

Belvedere Leisure Resorts PLC

29 November 2021

29 November 2021

Belvedere Leisure Resorts plc

("Belvedere" or the "Company")

Barnsoul Update

Belvedere, the luxury holiday resort developer, is pleased to provide an update on its recent activities, following on from the Company's announcement on 24 August 2021, that it had taken control of the 160 acre Barnsoul Caravan Park ("Barnsoul").

Following a buoyant summer for Barnsoul, with near full occupancy during peak season, the Company has continued to make significant progress in recent months on their staycation developments. The primary focus has been on Barnsoul ahead of Landal GreenParks taking over the management and marketing of the new resort, to be re-named Landal Barnsoul, and expected to welcome holidaymakers to stay at the resort from Spring 2022. More information on the Landal Barnsoul resort may be found at: https://barnsoul.landal.co.uk

In October 2021 the Company unveiled their showcase 'Torp Lodge' at the Grand Designs Live 2021 exhibition at Birmingham's NEC, with much interest shown and publicity gained. From the exhibition the lodge was transported to site and has now been successfully installed at Barnsoul.

The main contractor BTI and their construction team have been working full time on Barnsoul over the past 8 weeks and are successfully developing phase 1a of the resort. The Company is making significant investment into the development and has placed an order for 40 lodges between two lodge manufacturers and these are now in production on their respective assembly lines with the first batch to be delivered to Barnsoul from next month.

In addition, the Company continues to progress its plans for Barncrosh Farm and Barncrosh Meadows with the goal of between these three locations developing and installing up to 700 lodges in South West Scotland over the next five years, all to be marketed and managed by Landal GreenParks, with the aim to make the region a destination venue.

Commenting, Paul Brazewell, Executive Director of Belvedere said: "We are delighted with the hard work being done and the progress being made. We are seeing strong interest in our next generation holiday resorts, showcased by Barnsoul, and we look forward to keeping the market updated on the progress of Barnsoul and our other holiday park projects with Landal GreenParks."

The directors of Belvedere Leisure Resorts plc accept responsibility for this announcement.

For further information, please contact:

Belvedere Leisure Resorts plc

Paul Brazewell, Executive Director

Tel: +44 (0) 203 773 1361

Email: invest@belvedereleisureresortsplc.com

Alfred Henry Corporate Finance Limited

AQSE Corporate Advisor

Jon Isaacs


Tel: +44 (0) 203 772 0021

IFC Advisory Limited

Financial PR & IR

Tim Metcalfe

Tel: +44 (0) 203 934 6632

Email: belvedere@investor-focus.co.uk

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(END) Dow Jones Newswires

November 29, 2021 07:29 ET (12:29 GMT)

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