Crown funds £25 million MK1 leisure parkSep 19, 2013
The £25 million MK1 Leisure park will include a 15-screen Odeon cinema, with an IMAX, and eight restaurant units already pre-let to tenants including T.G.I. Friday’s, Frankie and Benny’s, Bella Italia, Nando’s and Prezzo.
The MK1 Leisure Park will be the first time The Crown Estate has funded the development of a leisure scheme outside of London.
This is the second time it has worked with InterMK, the development company of MK Dons chairman Pete Winkelman.
The Crown Estate funded the MK1 Shopping Park on the same site last year and has strengthened its holdings in Milton Keynes by purchasing the DW health and fitness unit, located on the same site, for £7 million from InterMK.
James Cooksey, head of The Crown Estate’s regional portfolio, said: “Our investment will build on the success we have had with the MK1 Shopping Park and the partnership we have established with Pete and his team. The scheme will make a fantastic addition to our portfolio.”
Mr Winkelman pictured said: “I am delighted we are once again working with The Crown Estate. The MK1 Shopping Park has been such a huge success and I believe the new IMAX cinema and restaurant complex will be equally as popular.
"The new MK1 Leisure Park will only strengthen the overall site’s reputation as one of the most popular leisure destinations in Milton Keynes and the wider region.”