Bilfinger GVA client Crown Entertainment Centres has sold the Central and South piers for the guide price of £8.1m to Peter Sedgwick and family, owner of the town’s North Pier since 2011.
Richard Baldwin, director of Bilfinger GVA’s retail and leisure team, said: “After considerable interest in both piers, we are delighted to have completed these two sales in such a short timescale. The conclusion of these sales together with that of Llandudno Pier is a clear illustration of a strengthening in the alternative leisure markets, which is extremely encouraging.”
St John Stott, director at Crown Entertainment Centres, said: “Peter Sedgwick is an experienced, longstanding leisure operator and we are delighted to have sold both The Central and South Piers to him.”
Peter Sedgwick, who also owns North Pier and currently operates rides on both Central and South Piers, added: “To add these two iconic piers to our portfolio is extremely exciting and we hope to capitalise on a group ownership of all three Blackpool Piers to ensure that many thousands of visitors continue to enjoy these wonderful attractions for years to come.”
Funding was provided by Barclays. In May, Barclays also financed Tir Prince Raceway, the North Wales leisure operator, to purchase Llandudno Pier.