Swindon AdvertiserCouncil transfers the Oasis to private company (From Swindon Advertiser)

Get involved! Send photos, video, news & views. Text SWINDON NEWS to 80360 or email us

Council transfers the Oasis to private company

THE Oasis Leisure Centre was today transferred to a private firm from the control of Swindon Council.

Moirai Capital Investments, a developer, has formed a new company called Oasis Operations Ltd, which will own and run the centre.

The new owner will complete a year-long refurbishment and develop plans to built new leisure facilities, including an indoor ski slope and 7,000-seat concert arena, on the nearby vacant site of the former Clare’s factory.

Under the transfer agreement, Oasis Operations Ltd will own the building, but Swindon Council will keep the freehold.

This will allow the council to gain a £50,000 annual lease income instead of paying out the current £400,000 annual subsidy.

The council has a seven-year break clause allowing it to reclaim the Oasis if progress has not been sufficient.

The Oasis will remain fully open following the transfer and throughout the improvement works which will begin later this year. All prices will remain as they are, the parking arrangements will remain unchanged, and events and concerts already booked will go ahead as normal.

The first phase of development will see improvements to the changing facilities and the reception area.

Comments (4)

Please log in to enable comment sorting

9:35am Fri 1 Jun 12

SockPuppet says...

Now they need to hurry up and build that ski slope :)
Now they need to hurry up and build that ski slope :) SockPuppet
  • Score: 0

12:50pm Fri 1 Jun 12

I Too says...

Yes.
Hopefully an Airkix too
Yes. Hopefully an Airkix too I Too
  • Score: 0

2:07am Sat 2 Jun 12

http://Www.Swindon.Org.UK says...

The details of this transfer should have been made public long time ago.

I haven't heard of this before SBC sent out a letter to all Swindon Card holders.

Taking the Oasis out of the Swindon card scheme and handing ownership over to a private company should have had a public consultation.
Who owns the new company??
Another 'Tricky'?
Was there an open bid for which company would take over?
Who and how did this company become involved?

I wonder has SBC or any of its councillors received money or incentives from Moirai Capital Investments Limited??
The details of this transfer should have been made public long time ago. I haven't heard of this before SBC sent out a letter to all Swindon Card holders. Taking the Oasis out of the Swindon card scheme and handing ownership over to a private company should have had a public consultation. Who owns the new company?? Another 'Tricky'? Was there an open bid for which company would take over? Who and how did this company become involved? I wonder has SBC or any of its councillors received money or incentives from Moirai Capital Investments Limited?? http://Www.Swindon.Org.UK
  • Score: 0

2:31am Sat 2 Jun 12

http://Www.Swindon.Org.UK says...

Moirai Capital Investments Limited

Been looking at the directors and when the company was formed.
Before the SBC meeting to discuss the proposal in Feb.

The directors and the private investor seem to have a large no. of dissolved companies, some disolved companies seem to have had directors struck off.

Wonder if SBC did any checking of the people responsible for the building now?
Moirai Capital Investments Limited Been looking at the directors and when the company was formed. Before the SBC meeting to discuss the proposal in Feb. The directors and the private investor seem to have a large no. of dissolved companies, some disolved companies seem to have had directors struck off. Wonder if SBC did any checking of the people responsible for the building now? http://Www.Swindon.Org.UK
  • Score: 0

Comments are closed on this article.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree