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Sipiem

Sipiem owns a portion of a waterpark in North West Italy, known as Ondaland, as well as other real estate assets.

The waterpark is a popular summer destination for tourists and Italians living in north-west Italy and there are plans to create an all year family-oriented theme park facility, using the existing empty building erected in 2012 in an area of 7,500 sqm.

In February 2016, Clear Leisure finally won the rights from the owner of the water park to have its 50.17% owning in Sipiem certified, thereby entitling the Company to attend shareholder meetings. The Company remains confident that its holding in Sipiem will become a significant realisable asset.

 

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Traded on the London Stock Exchange

AIM