A LEISURE operator has finalised a deal to buy a North-East indoor waterpark.
Moirai Capital Investments has acquired Wet 'n' Wild.
The park, which employed 69 workers, went into administration last year,
Property consultants JLL, on behalf of administrators PwC, sold the site, in North Shields, North Tyneside, for an undisclosed sum.
Moirai bosses say the park will re-open in July.
Martin Barber, Moirai Capital chairman, said: “We were attracted by its sheer potential and we are starting a comprehensive refurbishment.
“Together with our experienced operating partner, we can once again make this a leading all-weather visitor destination in the North-East.”
Toby Underwood, PwC joint administrator, added: “To find an operator that intends to invest in and re-open the park, and therefore generate jobs in the process is a great result.”
When it opened in 1993, Wet ‘n' Wild claimed to be the largest water park of its kind in the UK, featuring ten slides a wave machine and several jacuzzis.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article