That's pretty great news! Doesn't look a cheap bit of kit at all (anyone know the price?).
I'm trying to think or where it could go and it surely has to be by Raptor Attack considering the dinosaur theme. I hope the exterior of the presumably-new building isn't a cheap-looking job. Also, whilst this will be a great addition for the park (and the UK), I can't help but think a headline coaster is really needed. Saying that, it's often said the park lacks undercover attractions so at least this will go some way to addressing that.
In less good news, I've just tried to go on Valley Mania to check this news and it appears it's shut down for good. It was in decline ever since Nathan (who'd done a great job) passed it onto T Park's Meames, but it looks like he's given up which is a shame - it was a site that for a long time had an excellent relationship with the park.