Change at the top of Paramount resort
A new CEO has been appointed to lead the company overseeing the £3.5 billion project for an entertainment resort in the Swanscombe Peninsula, with plans expected to be submitted to the government by the end of November.
Humphrey Percy, group chief executive of KEH Group, was appointed at the head of London Resort Company Holdings (LRCH) on 10 February. The company is developing plans to build London Paramount on a 353-ha site.
The news came after the group’s former CEO David Testa announced he was stepping down, quitting all his roles at KEH.
Upon announcing the appointment of Percy, LRCH also said in a statement Mike Morrison had been hired as chief financial officer and Kevin Doyle appointed district co-ordination officer.
A month later, Percy announced that a planning application for the theme park will be submitted by the end of November.
Details revealed indicate that the resort, which has production company Paramount at its forefront, will feature a theatre, cinema, music clubs, hotels, shops, cafes, restaurants, bars and up to 210,000sq m of indoor and outdoor space for events. It is estimated up to 27,000 jobs could be created.
The scheme has been given the status of nationally significant infrastructure project and requires approval by the government. A decision is expected by the summer of 2019.
If the go-ahead is granted, the theme park could open by 2022.