The Freshwater Group and Dreamland Margate are pleased to announce an agreement for Dreamland to renovate and operate the Arlington car park, in central Margate, to provide much needed additional public parking spaces.
The agreement with the Freshwater Group will see Sands Heritage Limited, which operates Dreamland Margate, invest over the coming weeks to renovate the Arlington car park which, once open, will provide approximately 400 spaces. The opening of the car park to the public will have a positive impact on local people and businesses, as well as large volumes of tourists that visit the area in the summer.
Steven Mitchell, CEO at Dreamland Margate, said:
“When our park re-opens on 26 May, we will be offering a host of restored vintage rides, an unparalleled range of top quality bars and street food, and an eclectic range of events throughout the year. We are delighted to be able to complement all of that by offering our customers another parking option, making the whole day a stress-free experience. As well as being adjacent to Dreamland, the new car park is close to many of the other fantastic things Margate has to offer, so it will be ideal for anyone visiting the town by car.
The increasing number of visitors to the town in recent years is extremely positive for local people and businesses, but we are aware that the limited public parking has been a problem, especially during the summer. The agreement we have reached with The Freshwater Group will enable us to significantly improve the situation.”
The Freshwater Group has a long-term leasehold interest in the Arlington Estate. An investment fund of Arrowgrass Capital Partners LLP (Arrowgrass) has agreed an option to acquire this leasehold interest in the Arlington Estate. The interest from Arrowgrass in the Arlington estate follows on from the recent announcements of its £25m investment in Dreamland Margate. Arrowgrass continues to support the management team’s long term strategy for the revitalisation of Dreamland and the opening of the Arlington car park and engagement with Freshwater is a key part of making Dreamland a success again.