Sands Heritage (in administration) buys gap and gate site.

The Save Dreamland Campaign was launched by Joyland Books in January 2003 and is now supported by several thousand people. This is the place to discuss all aspects of saving Margate's famous amusement park and its iconic , Grade II listed Scenic Railway, Britain's oldest roller coaster.

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Sands Heritage (in administration) buys gap and gate site.

Postby mtcrc » 17 Dec 2016, 07:57

A rumour is circulating suggesting that more land has been acquired by the actual company that is in administration.

How much we don't know. But the price is said to be £1 million.

So looks like the hedge fund are backing the park.....but why buy more land?


Surely the administrator now is trying to do a deal with Thanet to give them even more. But for amusement park or other development?
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Re: Sands Heritage (in administration) buys gap and gate sit

Postby Peet » 17 Dec 2016, 14:09

Great news, so the land in question is "Goddens Gap"? That should allow the link between the park and the seafront to be improved and could be a fantastic acquisition for the future of Dreamland.
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Re: Sands Heritage (in administration) buys gap and gate sit

Postby aweber1us » 17 Dec 2016, 17:42

I was of the understanding that MTCRC owned Goddens Gap and the strip of land in Dreamlands car park? Or is it it just more mind games from a bunch losers?
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Re: Sands Heritage (in administration) buys gap and gate sit

Postby Bob » 18 Dec 2016, 17:44

I think it is highly unlikely Sands does not have £1M to spare and the company has to operate in the interest of the Creditors. Dreamland as far as we know is still operating at a loss and certainly would be over the winter. To be true Dreamland would need to borrow more money and companies house does not show that it has.
I suspect the real plan is for Arrowgrass to gain control as with the level of debt no one else would be interested

The link below shows the extent of the land covered by the original CPO

https://www.thanet.gov.uk/media/270233/ ... SITEV3.pdf
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