Pinewood-owner Aermont joins record of Center Parcs suitors

Read more

The funding agency which controls the Pinewood movie studios empire has joined the record of bidders circling Center Parcs, the upmarket chain of vacation villages.

Read more

Sky News has learnt that Aermont is predicted to desk an indicative provide for Center Parcs, which might value a purchaser greater than Β£4bn, this week.

Read more

A deadline has been set on Tuesday for preliminary bids.

Read more

Aermont's curiosity provides it to a listing together with Singapore's Government Investment Corporation (GIC), which has teamed up with KSL Capital Partners, a personal fairness investor; and CVC Capital Partners, the buyout big.

Read more

Blackstone, Center Parcs UK's former proprietor, and Antin, an infrastructure fund, are additionally contemplating bidding.

Read more

Center Parcs trades from six websites within the UK and Ireland, and has loved buoyant buying and selling because the lockdowns triggered by the COVID-19 pandemic.

Read more

The firm has been owned by Brookfield Property Partners, the Canadian property big, since 2015.

Read more

Brookfield has employed Bank of America, Barclays and Eastdil Secured to handle the sale.

Read more

The resorts chain boasts one of many British leisure trade's best-known manufacturers, drawing thousands and thousands of holiday makers yearly to its 5 UK websites and the most recent addition to its portfolio, at Longford Forest in Ireland.

Read more

Center Parcs' UK and Ireland operations are owned individually to the European enterprise that additionally trades underneath the model.

Read more

The model dates again to 1968, when the primary village opened within the Netherlands.

Read more

Aermont declined to remark.

Read more

Did you like this story?

Please share by clicking this button!

Visit our site and see all other available articles!

UK 247 News