YES! Project Planning Approval
September 03 2010 - 2:00AM
UK Regulatory
TIDMOAH
RNS Number : 0937S
Oak Holdings PLC
03 September 2010
YES! Project Planning Approval
Oak Holdings plc ("Oak" or the "Company"), the leisure business operator and
YES! Project developer, announces that, following the resolution to grant
Planning Consent at the Planning Board of Rotherham Borough Council held on 17
May 2010 for the revised YES! Project, the Government Office has confirmed that
RMBC have been authorised to determine the application. At the Planning Board,
held on 2 September, it was unanimously resolved to:
a) grant Planning Consent in accordance with the Planning Officer's
recommendations; and
b) enter into a supplemental agreement to link the existing s106 Agreement
with the current consent.
The decision allows Oak to progress the YES! Project with the benefit of a
revised scheme that facilitates phased development.
Commenting on the decision, Chief Executive, Steve Lewis, said:
"This is a strategic step forward for the Company and, indeed, the region. The
consent demonstrates Oak's commitment to the YES! Project and this major
regeneration leisure project, allowing us to proceed with renewed confidence.
We have been extremely encouraged by the support of our existing partners and
tenants and by an increasing number of recent enquiries. We are grateful for the
continued confidence in Oak by RMBC."
For further information, please contact:
+------------------------+----------------------------------------+
| Oak Holdings plc | Tel: 020 7493 5522 |
+------------------------+----------------------------------------+
| Steve Lewis, Chief | steve.lewis@oakholdings.co.uk |
| Executive | |
+------------------------+----------------------------------------+
| | |
+------------------------+----------------------------------------+
| | |
+------------------------+----------------------------------------+
| Cairnfin Financial | Tel: 020 7148 7901 |
| Advisors LLP | |
+------------------------+----------------------------------------+
| Tony Rawlinson | tony.rawlinson@cairnfin.com |
| | |
+------------------------+----------------------------------------+
| Rawlings Financial PR | Tel: 01653 618 016 |
| Limited | |
+------------------------+----------------------------------------+
| Catriona Valentine | catriona@rawlingsfinancial.co.uk |
+------------------------+----------------------------------------+
| Keeley Clarke | keeley@rawlingsfinancial.co.uk |
+------------------------+----------------------------------------+
| | www.rawlingsfinancial.co.uk |
+------------------------+----------------------------------------+
About Oak
Oak is an asset-based leisure business operator with significant property
development potential. The Company's activities comprise:
Rother Valley County Park
The Company leases and manages Rother Valley Country Park, a 1,000 acre country
park with four major lakes. The park is positioned just off the M1 on the
borders of Sheffield, Rotherham and Derbyshire. It currently attracts over
750,000 visitors per year and is included in the Official 2012 Olympic Training
Camp Guide, which recommends high quality sporting facilities for all
participating athletes.
Ringwood Town & Country Experience
Ringwood Town & Country Experience is a leisure business located in the New
Forest, Hampshire, which attracts around 19,000 visitors per year. Ringwood
Town & Country Experience incorporates a Heritage Centre with vintage cars and
motorcycles, a replica railway station, tearooms, a restaurant, nostalgic shops
and a 100 seat function room.
YES! Project
Oak is the promoter and developer of the exciting GBP350 million YES! Project, a
phased development which will create one of the largest undercover,
leisure-based, resort and convention destinations in Europe. The site covers
327 acres and is adjacent to the Rother Valley Country Park in South Yorkshire.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBRGDCBUGBGGD
Oak Holdings (LSE:OAH)
Historical Stock Chart
From Apr 2024 to May 2024
Oak Holdings (LSE:OAH)
Historical Stock Chart
From May 2023 to May 2024