1 year ago
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ARTICLE AD BOX
Image source, Center Parcs
UK holiday village chain Center Parcs has been put up for sale by its owner, the Canadian private equity firm Brookfield.
The company is looking to raise between £4bn and £5bn from the sale according to the Financial Times.
Brookfield bought the business for about £2.4bn in 2015.
Center Parcs runs six holiday villages in the UK and Ireland, and attracts more than two million visitors to its sites every year.
The first UK location opened in 1987, at Sherwood Forest in Nottinghamshire. It now has holiday villages at Elveden Forest, Longleat Forest, Whinfell Forest and Woburn Forest.
In 2019, it opened its first site in Ireland, with Center Parcs Longford Forest close to the town of Ballymahon in County Longford.
The FT said that Brookfield had appointed investment bankers to sound out potential buyers, including other private equity firms.
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