6/22/2023 0 Comments News center 10Center Parcs continues to operate in Germany, the Netherlands, France and Belgium under separate ownership. The business gradually shifted from canvas to lodges and was renamed Center Parcs before the UK arm was split off from the European division in 2001. However, the group’s roots go back to 1967 when a Dutch businessman, Piet Derksen, opened a holiday village at De Lommerbergen, called Sporthuis Centrum – with accommodation in the form of tents. That same year CVC Capital Partners bought the holiday park operator Away Resorts for £250m and then bought up Aria Resorts and Coppergreen Leisure to combine with it.Īdvisers to Brookfield Property Partners have been sounding out potential buyers for Center Parcs over the past week, according to the Financial Times which first reported the sale move, with possible suitors expected to include other private equity firms.Ĭenter Parcs has been operating in the UK since 1987 when it opened in Sherwood Forest in Nottinghamshire, followed by a site in Elveden Forest in Suffolk in 1989. The group had hoped to build a new site in Worth Forest, West Sussex, but pulled out earlier this year after an outcry from wildlife campaigners.Ī potential sale comes as private equity haspiled into the UK’s domestic holiday market amid hopes for growth prompted by the fall in the value of the pound, the cost of living crisis, environmental concerns and more interest in outdoor pursuits after a shift among Britons towards breaks in the UK prompted by pandemic travel restrictions.īourne Leisure, which includes caravan park operator Haven Holidays, was bought by the private equity group Blackstone for about £3bn in January 2021. Sales more than quadrupled to £503m in the year to 21 April 2022, helping lift profits to £66m, from a loss of a £157m the prior year as visitors sought out holidays close to home amid ongoing global travel disruption.
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