Buyer of Nayland Rock Hotel and the pub leased to Dreamland now in receivership

Bristol based Tower Pension Fund Limited the purchaser of the Punch and Judy pub at 50 Marine Terrace which was then leased to the operators of Dreamland, Sands Heritage Limited has as of yesterday gone into receivership.

Tower Based Pension Fund Limited also recently bought another prominent Margate landmark seafront building, The Nayland Rock Hotel for £1,750,000 on June 30th.



Sands Heritage Limited bosses Nick Conington and John Adams are also directors of a newly formed company called Nayland Rock Hotel Margate Limited.

Let's hope for the best for Margate seafront, it's iconic landmark buildings the future of Dreamland and the creditors owed money.