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Brainspark buys stake in Mediapolis theme park
Brainspark, the London-based investment firm, has bought a stake in the £200m Mediapolis theme park being planned for northern Italy.
Brainspark has secured the rights to invest 47.6 per cent of a 1m euro (£896,000) capital increase being undertaken by developers Mediapolis Investments, which will give it a 10.87 per cent stake in the park.
Francesco Gardin, chair of Brainspark, said: "This investment is the first of a series of investments that the new board is considering which have a particular focus in the entertainment and leisure sectors.
“Our strategy is to focus on companies which will increase shareholder value, while also taking advantage of the synergies between physical and digital entertainment. We expect to update shareholders on further investments in due course."
The 60-hectare site is located between Milan and Turin and will boast an indoor and outdoor theme park, with outdoor theatre, a four-star hotel, a shopping centre and a television production centre.
The park is expected to open within the next two years.
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