DARWIN LEISURE PROPERTY FUNDING
Darwin Alternatives has secured a long-term revolving credit facility with Santander UK for the Darwin Leisure Property Fund (DLPF). Founded in 2008, DLPF owns 18 high quality holiday parks operated under the Darwin Escapes brand. DLPF is one of three separate open-ended funds for which Darwin Alternatives is the Investment Advisor.
The funds are focused on providing long term investors with alpha-driven investment solutions that aim to enhance capital and provide predictable levels of income. DLPF, which is dedicated to investing in premium holiday parks in England and Wales, will use the bank’s funding to support working capital requirements at an individual park level as well as providing a liquidity facility to enable the Fund to efficiently manage the cash flow of redemptions and acquisitions.
Over the last 10 years, DLPF has generated an average annual return of 8.88 per cent for its investors, predominantly pension funds of local authorities with a long-term investment horizon. Historically, the enhanced quality and service available at Darwin’s sites has meant that their annual revenue potential per pitch is significantly higher than the industry average.