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Asset Management company, the Seventy Ninth Group, has purchased the Penrhos site on Holy Island, Anglesey, Wales, with the intention of working with the local community to develop a £250m leisure resort.
The 200-acre site will include 492 premium holiday lodges, a restaurant and leisure amenities, a swimming pool, spa, gym and sports pitches (youth cricket and football) and outdoor tennis courts, which will be accessible to local residents.
According to the Seventy Ninth Group, the leisure resort has the potential to consistently provide millions of pounds of revenue to the local economy and is set to create hundreds of jobs – including positions in construction and hospitality.
The group will work closely with local businesses and individuals, as part of its commitment to regenerate the local area.
In partnership with Isle of Anglesey County Council, Holyhead Town Council and key stakeholders, the Seventy Ninth Group will ensure the project meets the “high expectations of the local community – maximising local employment, creating contract opportunities and delivering sensitive project development, while protecting and promoting the Welsh language”.
Extensive measures have been included in the development plans with a focus on responsible development, with over £1m being pledged to local initiatives as part of the project. Local engagement sessions will also take place throughout the project’s development.
The development is currently estimated to complete in five years, with the first lodges due to be available to visitors from Summer 2025.
David Webster, Seventy Ninth Group chairman, said: “The Penrhos site is our largest project to-date and embarking on such a significant development would not be possible without the support of our clients, customers and investors. We see tremendous opportunity in UK holiday lettings and have specifically sought acquisitions in this area, as part of our ever-expanding portfolio.”
Jake Webster, Seventy Ninth Group managing director, added: “We look forward to developing the site into a world-class holiday destination in conjunction with the local community, while ensuring we protect the environment for future generations. Our aim is to give families from the UK and visitors from all over the world a chance to experience what this fantastic area has to offer.”
