Managing Director John Romans said, ‘We have been looking for opportunities to develop the business further in our key locations and the acquisition of the Wareham site, with support from Clydesdale Bank, was fit for our strategy.

‘Our existing sites are designed for permanent residential use but the Wareham site is our first which is primarily aimed at the leisure sector. Looking ahead to 2015, we are keen to identify other options for expanding the business further in our core areas.

‘Clydesdale Bank has been extremely supportive and has demonstrated its commitment to our strategy for expansion as well as a strong understanding of the marketplace in which we’re operating.’

Mark Laughlan, Head of Reading Business and Private Banking Centre at Clydesdale Bank, said, ‘We have enjoyed working closely with John and his team over the last few years.

‘The business has enjoyed ongoing growth in that time and improving market conditions have now allowed John to make this latest addition to his portfolio.

‘We look forward to supporting John as he continues his expansion plans in the coming year.’