Who Owns Center Parcs?

Who used to own Centre Parcs

Who owns Center Parcs now? – According to the company’s corporate history, Center Parcs UK was bought by Deutsche Bank Capital Partners before the business was floated on the stock market in 2003. It was subsequently bought by a private equity firm called The Blackstone Group in 2006.

After owning the firm for nine years, TBG sold the firm to Brookfield Property Partners in 2015. The company’s Executive Board is published on the governance section of its corporate website. The website also states: “Whilst a lot may have changed since 1968, the underlying ethos of the business has remained the same.

Piet Derksen believed in the need to listen to feedback from our guests, the need to always be improving and innovating and the importance of existing in synergy with the forest surrounding us.” “These values remain at the heart of the Center Parcs brand today.” Read more News here READ NEXT:

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Is Centre Parcs in financial trouble

One of the UK’s most popular family holiday park chains, Centre Parcs, has been put up for sale by its owners. Canadian company Brookfield bought the business for around £2.4 billion in 2015. It’s now understood that the private equity firm is looking to raise up to double that amount – between £4 billion and £5 billion – from the sale of Centre Parcs UK and Ireland, according to the Financial Times.

Center Parcs runs six holiday villages across the UK and Ireland which attract more than two million visitors every year. The parks are particularly popular with families as they offer a range of activities on-site, including waterparks and cycle routes, however some families have complained about rising holiday prices in recent years.

Read more: The underrated city 85 minutes from Birmingham nicknamed ‘the cheaper Paris’ One mum recently took to Twitter to complain after finding that an all-inclusive holiday to Gran Canaria was cheaper than a week in a Center Parcs lodge. Claire Lock said: “We love @CenterParcsUK but they are the absolute worse for their price hikes.

• We’re going on an all inclusive holiday to Gran Canaria last week of July – only £100 more than just a lodge would be for the same week.
• Madness.” The nearest parks to Birmingham are located in Woburn Forest in Bedfordshire and Sherwood Forest in Nottinghamshire.
• The latter was the first location opened in the UK in 1987.

There are also holiday villages at Elveden Forest, Longleat Forest and Whinfell Forest. In 2019, the brand opened its first site in Ireland, with Center Parcs Longford Forest, close to the town of Ballymahon in County Longford. The Financial Times said that Brookfield had appointed investment bankers to sound out potential buyers, including other private equity firms.

• If a sale goes through, it would be one of the biggest property deals of the year.
• At the end of last year Center Parcs said occupancy rates were at 97.3%, and broadly in line with pre-Covid levels.
• The company reported revenue of £426.6m between April and December 2022 – up 20% on 2021, and an 18% increase the 2019 pre-pandemic year.

BirminghamLive has contacted Center Parcs for comment. Read next:

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How much did Center Parcs cost?

Holiday resort company Center Parcs has been put up for sale by its owner, Canadian investment firm Brookfield, in a deal that could fetch between £4bn and £5bn (€5.74bn). Center Parcs operates six locations across the UK and Ireland. The company’s one resort in Ireland is located in Longford Forest.

• If the sale is to go ahead, it would represent one of the largest UK real estate deals so far this year.
• The details of the proposed sale were first reported in the Financial Times which spoke to people familiar with the deal.
• According to the report, Brookfield has been examining an exit from the investment in recent months and has now appointed investment bankers to handle the sale.

The investment bankers have been seeking out potential buyers over the past week including other private equity companies. Brookfield acquired Center Parcs in 2015 from asset management firm Blackstone for £2.4bn (€2.75bn). Since then, Brookfield has invested in upgrading its facilities and amenities and building 250 new lodges.

Should the sale go ahead, Brookfield could see a really strong return on investment. The firm claims on their website that Center Parcs serves two million guests per year and has a 98% occupancy rate. The planned sale will also come with a reported £2bn in existing debt. Longford resort In the year to April 2022, Center Parcs Ireland reported revenue of €57.8m following a recovery from covid enforced lockdowns.

The surge in revenues meant a pre-tax profit of €8.1m following a pre-tax loss of €18.2m the year prior. It was also the first year the company reported a profit in Ireland. The Longford resort first opened to the public in July 2019. As of 2022, it employed over a thousand people.

In 2022, the entire Center Parcs group recorded a profit of £66m in the year to April 2022 with sales quadrupling to £503m. The Irish Examiner reached out to Brookfield for comment but the company declined. Brookfield says it manages $825bn (€758bn) in assets around the world. In recent years, private equity firms have been piling money into the UK’s domestic holiday sector amid hopes for growth as the value of the pound dropped as well as the impact of the cost of living crisis.

The growing trend for domestic breaks was really kick-started by the pandemic as travel abroad was largely restricted. Other private equity companies have already taken steps to buy into the market. In January 2021, Blackstone paid about £3bn for Bourne Leisure, which includes Haven Holidays, the caravan park operator.

Who is selling Centre Parcs

Accounts for Center Parcs Ireland Ltd, which operates a holiday village in Co Longford, show that it returned to the black in the year to the end of April 2022 Brookfield has put holiday resort firm Center Parcs up for sale in a deal that will test investors’ willingness to bet on an economy hit by high inflation and rising interest rates.

• The Canadian private equity group is seeking between £4 billion (€4.6bn) and £5 billion for Center Parcs, according to people familiar with the matter, after examining an exit from the investment in recent months.
• The decision to go ahead with the sale marks a bold move for Brookfield as the UK faces falling property values and higher interest rates.

But a sale could potentially net a windfall for Brookfield, which acquired the resort group from Blackstone for about £2.4 billion in 2015. Brookfield has appointed investment bankers who have been sounding out potential buyers in the past week, the people said.

Brookfield and Center Parcs declined to comment. Center Parcs operates six holiday villages in the UK and Ireland, offering attractions such as water parks and forest playgrounds. Center Parcs’ five UK sites were independently valued at £4.1 billion in April based on the value of the real estate alone.

Accounts for Center Parcs Ireland Ltd, which operates a holiday village in Co Longford, show that it returned to the black in the year to the end of April 2022. It made an after-tax profit of €7.4 million during the period, as opposed to a loss of €16 million in the previous 12 months, which was heavily impacted by Covid-19 lockdown restrictions.

The accounts also show a net book value of €200.6 million on the land and buildings there, and borrowings of €165.3 million, which is due to be repaid on December 1st, 2023. The business is considered relatively resilient to the UK economic downturn as more travellers choose domestic destinations instead of overseas holidays in leaner times.

The prospective sale also underscores the resilience of tourism and hotel businesses, which have been favoured by investors in recent months following a robust recovery from the Covid-19 pandemic. The volumes of hotel deals struck in Europe increased to €4.3 billion in the first quarter, according to real estate advisers Cushman & Wakefield.

• It was one of the only property sectors to see more deal volume than in the same months for 2022, as deal-making across the real estate sector slumped.
• Brookfield has invested in Center Parcs since the acquisition, spending £100 million on tech upgrades alone.
• The company hosts more than 2 million guests a year with 98 per cent occupancy, according to Brookfield.

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How much did Center Parcs cost?

Holiday resort company Center Parcs has been put up for sale by its owner, Canadian investment firm Brookfield, in a deal that could fetch between £4bn and £5bn (€5.74bn). Center Parcs operates six locations across the UK and Ireland. The company’s one resort in Ireland is located in Longford Forest.

If the sale is to go ahead, it would represent one of the largest UK real estate deals so far this year. The details of the proposed sale were first reported in the Financial Times which spoke to people familiar with the deal. According to the report, Brookfield has been examining an exit from the investment in recent months and has now appointed investment bankers to handle the sale.

The investment bankers have been seeking out potential buyers over the past week including other private equity companies. Brookfield acquired Center Parcs in 2015 from asset management firm Blackstone for £2.4bn (€2.75bn). Since then, Brookfield has invested in upgrading its facilities and amenities and building 250 new lodges.

• Should the sale go ahead, Brookfield could see a really strong return on investment.
• The firm claims on their website that Center Parcs serves two million guests per year and has a 98% occupancy rate.
• The planned sale will also come with a reported £2bn in existing debt.
• Longford resort In the year to April 2022, Center Parcs Ireland reported revenue of €57.8m following a recovery from covid enforced lockdowns.

The surge in revenues meant a pre-tax profit of €8.1m following a pre-tax loss of €18.2m the year prior. It was also the first year the company reported a profit in Ireland. The Longford resort first opened to the public in July 2019. As of 2022, it employed over a thousand people.

In 2022, the entire Center Parcs group recorded a profit of £66m in the year to April 2022 with sales quadrupling to £503m. The Irish Examiner reached out to Brookfield for comment but the company declined. Brookfield says it manages $825bn (€758bn) in assets around the world. In recent years, private equity firms have been piling money into the UK’s domestic holiday sector amid hopes for growth as the value of the pound dropped as well as the impact of the cost of living crisis.

The growing trend for domestic breaks was really kick-started by the pandemic as travel abroad was largely restricted. Other private equity companies have already taken steps to buy into the market. In January 2021, Blackstone paid about £3bn for Bourne Leisure, which includes Haven Holidays, the caravan park operator.