Villages Nature finalized the financing of its first stage of development
The groups Euro Disney S.C.A. and Pierre & Vacances-Center Parcs, along with their 50/50 joint venture, Les Villages Nature de Val d'Europe S.A.S., announced the signing of financing agreements for the initial stage of Phase 1 construction on Villages Nature, backed by institutional investors, plus minority financing from the two groups. With the signing of these agreements, construction can begin on the initial stage of the development, which is targeted to open to the public in 2016.
Conceived by Euro Disney S.C.A. group and Pierre & Vacances-Center Parcs Group, Villages Nature is a new, innovative European eco-tourism destination designed for short and medium-length stays. Villages Nature is located 32 km (20 mi) east of Paris in Seine-et-Marne. It straddles the towns of Villeneuve-le-Comte, Bailly-Romainvilliers and Serris, set part in the Brie Boisee district and part in Sector IV of Marne-la-Vallee/Val d'Europe.
Villages Nature's development takes its inspiration from the model that has been the cornerstone of Pierre & Vacances-Center Parcs Group's success for the past 45 years. The model is based on the sale of recreational facilities and accommodation units to institutional and individual investors. The properties are then leased to a subsidiary of the Villages Nature company, responsible for their operation and management.