A Singaporean sovereign wealth fund has joined the record of suitors vying to take management of Center Parcs, the UK’s greatest chain of upmarket vacation resorts.

Sky News has learnt that the town state's Government Investment Corporation (GIC) is in talks to desk a joint bid for Center Parcs with KSL Capital Partners, the non-public fairness investor.

GIC is one in every of Asia's greatest sovereign wealth funds, and expressed an curiosity in Center Parcs in 2015 when it teamed up with CVC Capital Partners to make a proposal.

CVC can also be bidding within the newest public sale, with indicative presents on account of be tabled subsequent week.

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

Numerous infrastructure funds, together with French-based Antin, have additionally been exploring whether or not to make presents for the corporate.

Center Parcs has been owned by Brookfield Property Partners, the Canadian property large, since 2015.

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

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

Its places supply a mix of journey and leisure actions for households, comparable to watersports and horse driving, in addition to spa packages.

The firm opened its first web site within the UK in 1987 at Sherwood Forest in Nottinghamshire.

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Center Parcs has been a public firm prior to now, floating on London's junior AIM market in 2003 earlier than transferring to a principal market itemizing two years later.

It was then taken over by Blackstone, the non-public fairness agency, in 2006, earlier than being offered to Brookfield in 2015 in a deal reported to have been price £2.4bn.

Blackstone can also be stated to be contemplating whether or not to bid to purchase the corporate again.

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

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

Run by Martin Dalby, its chief govt for greater than 20 years, Center Parcs' shareholders have acquired tons of of thousands and thousands of kilos in dividends since Brookfield purchased the enterprise.

KSL declined to remark.