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Waterpark deal is finalised
6:00am Thursday 22nd May 2014 in Business News
A LEISURE operator has finalised a deal to buy a North-East indoor waterpark.
Moirai Capital Investments has acquired Wet 'n' Wild.
The park, which employed 69 workers, went into administration last year,
Moirai bosses say the park will re-open in July.
Martin Barber, Moirai Capital chairman, said: “We were attracted by its sheer potential and we are starting a comprehensive refurbishment.
“Together with our experienced operating partner, we can once again make this a leading all-weather visitor destination in the North-East.”
Toby Underwood, PwC joint administrator, added: “To find an operator that intends to invest in and re-open the park, and therefore generate jobs in the process is a great result.”
When it opened in 1993, Wet ‘n' Wild claimed to be the largest water park of its kind in the UK, featuring ten slides a wave machine and several jacuzzis.