Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13726)           
UK only International

Center Parcs UK put up for sale with a price tag of £5bn

By Tom Walker    17 May 2023
Center Parcs made a £66m profit in the year to April 2022 / Center Parcs
Center Parcs UK and its six holiday villages have been put up for sale
The business is owned by Canadian private equity firm, Brookfield
Brookfield is believed to be looking for around £4bn-£5bn for the business
Center Parcs UK operates five holiday villages in England and one in Ireland

Center Parcs UK and its six holiday villages have been put up for sale by its Canadian owner, Brookfield.

The private equity group – which specialises in property and renewable power – is believed to be looking for around £4bn-£5bn for the business, which it acquired from US-based private equity group, Blackstone, in 2015 for £2.4bn.

Brookfield's plans to sell the business come at a time when interest rates are expected to increase even further – which could put some investors off.

However, according to the Financial Times, the sale is believed to include around £2bn in existing debt, which could make a deal easier – as raising new financing could be difficult on the current climate.

According to its latest full-year results, Center Parcs' sales quadrupled to £503m in the year to April 2022, compared with the pandemic-affected year before. EBITDA was £245.6m.

Center Parcs opened its first UK park, Sherwood Forest in Nottinghamshire, in 1987, before opening new sites at Elveden Forest, Longleat Forest, Whinfell Forest and Woburn Forest.

In 2019, it opened its first village in Ireland at the Longford Forest near Ballymahon in County Longford, adding to its five English sites.

In 2021, Center Parcs announced plans to develop a seventh site in Southern England. The company had secured an option to acquire 553 acres of privately owned woodland in West Sussex, but pulled out of the deal due to environmental concerns.

Center Parcs 
Sign up for FREE ezines
Related news

Company profile

Company profile: Rubb Buildings Ltd
Rubb Buildings Ltd designs and manufactures relocatable, semi-permanent and permanent fabric engineered specialist sports buildings.
View full profile >
More company profiles

Featured Supplier

Elevate registrations soar: a record-breaking start to Elevate 2024
Elevate, the premier event in the physical activity, fitness, sports therapy and performance sector, is thrilled to announce that registrations for its 2024 conference are now live – and the response has been nothing short of exceptional.
View full details >
More featured suppliers

Property & Tenders

Location: Loughton, IG10
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
Location: Verwood, Dorset
Company: AVISON YOUNG
Location: Hall Place House, Bexley, DA5 1PQ
Company: London Borough of Bexley
Location: 15 Concessions across the nation's forests
Company: Forestry England
More properties & tenders

Diary dates

11-14 Apr 2024
Exhibition Centre , Cologne, Germany
22-24 Apr 2024
Galgorm Resort, York
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
More diary dates