Leisure park operator Merlin Entertainments (MERL) has unveiled its plans to build another Legoland park, this time in Nagoya, Japan. The park is due to open in the second quarter of 2017 and is set to cost a total of £185m. But under Merlin's 'operated and leased' model, it will only need to trump up £53m of the cash over the next three years.
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The new site will be the world's second largest theme park and the financial return is expected to be in line with Merlin's established rate of 20 per cent return on capital employed (ROCE).
