Our property and construction division has successfully assisted in the finance of a 23-acre caravan park near Abersoch in North Wales, which has been acquired with plans for major redevelopment.
Bryn Cethin Bach Caravan Park on the Llyn Peninsula – which comes with its own private lake – was acquired by John and Mary Bowell in December 2017. A close partnership between Cowgill Holloway & Lloyds Bank helped to provide a tailored funding package to assist the Bowells in buying the business.
The new owners plan on redeveloping and improving the site including investment in the nature walks that surround the park’s lake.
John Bowell said: “We used to visit the caravan park when we had a young family, and it’s always been a place that’s special to us. So, when the opportunity arose to buy the site, we jumped at the chance.
“The team at Cowgill Holloway and Lloyds Bank were a vital support during the acquisition process. They provided the personable guidance and support needed to make the process as simple and stress-free as possible.
“We will be looking to build our portfolio of parks in the coming years and would have no hesitation about working with the team again.”
David Rainford, Property Finance Director at Cowgill Holloway, said: “Mary and John have a proven track record for running successful businesses, but we were overwhelmed by their plans and passion for the Bryn Cethin Bach site.”
For more information about Cowgill Holloway Property Finance, visit our Property & Construction team’s microsite: http://www.cowgills.co.uk/sectors/property-construction/.