Center Parcs snapped up in £2.4bn deal

Center Parcs UK has been sold to a Canadian investment firm for �2.4 billion.
Center Parcs UK has been sold to a Canadian investment firm for �2.4 billion.
Share this article
0
Have your say

Activity resorts operator Center Parcs UK has been sold to a Canadian investment firm in a deal understood to be worth more than £2.4 billion.

The five destinations, set to welcome more than two million visitors this year, have been acquired by Brookfield, which recently teamed up with the Qatar Investment Authority to take control of London’s Canary Wharf.

Center Parcs UK, which is separate from Center Parcs Europe, was once owned by Edinburgh-based brewer Scottish & Newcastle and is being sold by Blackstone, the US private equity firm that paid a reported £1.1bn for the business in 2006.

The transaction is due to complete in July and Blackstone chairman Gerry Murphy said: “Having bought Center Parcs in 2006 and invested in its growth, it has been an excellent investment for us. We are sure that it will go on to even greater success under new ownership.”

Center Parcs opened its first UK site at Sherwood Forest in 1987.