Center Parcs owner Brookfield puts holiday chain up for sale

1 year ago 25

Man and kid  kayakingImage source, Center Parcs

UK vacation colony concatenation Center Parcs has been enactment up for merchantability by its owner, the Canadian backstage equity steadfast Brookfield.

The institution is looking to rise betwixt £4bn and £5bn from the merchantability according to the Financial Times.

Brookfield bought the concern for astir £2.4bn successful 2015.

Center Parcs runs six vacation villages successful the UK and Ireland, and attracts much than 2 cardinal visitors to its sites each year.

The archetypal UK determination opened successful 1987, astatine Sherwood Forest successful Nottinghamshire. It present has vacation villages astatine Elveden Forest, Longleat Forest, Whinfell Forest and Woburn Forest.

In 2019, it opened its archetypal tract successful Ireland, with Center Parcs Longford Forest adjacent to the municipality of Ballymahon successful County Longford.

The FT said that Brookfield had appointed concern bankers to dependable retired imaginable buyers, including different backstage equity firms.

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