Ellisons Solicitors 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.