April 10, 2018
Ellisons Solicitors helps Clacton Pier fulfil its ambitions for major redevelopment
Ellisons
Solicitors, one of the East of England’s most prominent legal firms, has been
successful in helping to secure the funding for Clacton Pier’s £4million
redevelopment project.
The
Pier refinanced in the multi-million pound arrangement with NatWest bank and
the money has enabled the company to go ahead with the major scheme which will
make it one of the premier attractions in East Anglia.
The
significant investment includes the £500,000 Skull Point Adventure Golf Course
over two floors, both indoor and outdoor; the £500,000 Discovery Bay Adventure
Play and Family Restaurant; Dockside Dodgems on the first floor; the Captain’s
Table Coffee Shop; extensions to the Seaquarium and amusement arcade and other
improvements at the landmark.
Ross
Wiltshire, Partner at Ellisons’ newly-opened Chelmsford branch, said: “We are
immensely proud to have been involved in a local project of such huge
significance for the Clacton residents and those further afield. We’ll watch with interest as the
refurbishment continues.”
Pier
Director Billy Ball, said: “We have been working up this major project for some
time and what we could achieve depended totally on the finances available.
“Thanks
to Ellisons due diligence activity on our behalf we were able to secure the
investment required to realise our ambitions. Ellisons was a great support to
us as we went through this process and we could not have got to this point
without their expert advice and guidance.”
The main part of the work – including the adventure golf course, children’s
play area, dodgems and coffee shop – will be completed by July this year. The
remainder will be finished early in 2019.
Clacton Pier remains open throughout the construction which is
being carried out by its own in-house team as well as local outside
contractors.
