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Investor Evogo acquires seven-acre holiday park

Investment company Evogo Group has acquired the award-winning holiday park Caistor Lakes for £1.9m.

The £1m turnover, seven-acre leisure park near Grimsby in the Lincolnshire Wolds, includes five holiday lodges, pitches for 28 caravans, a 110-cover restaurant and three fishing lakes, along with planning consent for the development of a further 10 lodges. 

Established by owner Drew Thompson in 2013, Caistor Lakes is currently undergoing a third phase of development which will see six of the new luxury lakeside lodges.

“For Mr Thompson, this was an excellent time to sell the tourism business that he had worked so hard to build up. With British holidays looking like the most likely option for all of us this summer, and with further lodges in the pipeline, Caistor Lakes is a very strong business,” Michael Peel, sales manager at Ernest Wilson, which handled the sale.

Caistor Lakes plans to open six new holiday lodges this spring and has guaranteed full refunds on bookings cancelled due to the coronavirus pandemic.

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