Center Parcs owner reportedly planning £4bn sale

Center Parcs Ireland
By Lisa James
Home » Center Parcs owner reportedly planning £4bn sale

The owner of Center Parcs is reportedly looking for a buyer for the holiday villages group.

Sky News reports Canadian property giant Brookfield Property Partners has started hiring advisers to prepare for the sale, and has put a price tag on the company of £4bn.

Center Parcs recently recorded its most profitable half-year in its history, with record earnings before interest, tax, depreciation and amortisation of almost £120m in the 24 weeks to 7 October 2021.

Sky News adds PricewaterhouseCoopers has been taken on to assist the sale of the company, which has five UK sites, at Elveden Forest in Suffolk, Longleat Forest in Wiltshire, Whinfell Forest in Cumbria,  Woburn Forest in Bedfordshire and Sherwood Forest in Nottinghamshire.

It recently added Longford Forest in Ireland and last year announced plans to spend up to £400m on developing another village in West Sussex.

The UK and Ireland operations are owned separately to the European Center Parcs business.

Brookfield and Center Parcs have not commented.

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