Land acquired in Middlesborough for Tourian’s end-of-life plastics recycling plant

Iodic Holdings limited, a company advised and asset managed by Armstrong Energy, is pleased to announce it has secured 4 acres of land at the Wilton International Site in Middlesbrough. The land has been secured under option, subject to planning permission, for Tourian Renewables Limited, another Armstrong company, to build a plant that will process 20,000 tonnes per year of end of life plastics. A full planning application will be submitted this month.

Iconic Knoll House Hotel acquired by Kingfisher Resorts Studland Limited (“Kingfisher”), an Armstrong Energy portfolio company

Kingfisher is a UK focused tourism and leisure company, and is a joint venture between the Armstrong Energy Team and the founding members of Kingfisher, who have a long track record in both UK and European luxury hotels and resorts. The teams have previously worked together on the UNA St Ives project and hope that Kingfisher Studland will further cement the strong relationship between the two teams and pave the way for future leisure deals.

The Knoll House Hotel is not just an operational asset but offers a rare redevelopment opportunity in an outstanding location. Nestled within an area of Outstanding Natural Beauty and surrounded by National Trust owned land, this unique location on the Dorset coastline is across the bay from Poole Harbour and Sandbanks, which has some of the most valuable real estate in the UK.

Subject to planning permission, management is seeking to redevelop the entire site into a luxury 30 key 5* hotel and apartment complex comprising around 60, 2-4 bedroomed apartments. Planning permission is to be sought in conjunction with the National Trust and it is the hope that the redevelopment will not only provide necessary rejuvenation of the hotel, but also local jobs and an increase in accommodation which will benefit the local economy.