donderdag 17 oktober 2019

Center Parcs owner is playing waiting game

The Canadian property group that owns Center Parcs is expected to wait until its recently opened holiday village in Ireland has established itself before drawing up plans to float or sell the business.

Brookfield Property Partners, which acquired Center Parcs four years ago for more than £2.4 billion, is expected to review its options once the £200 million holiday village that opened in July at Longford Forest, Co Longford, has at least a year's trading under its belt.

Analysts also suggested that Brookfield would want to wait until Britain had left the European Union and possibly had identified the next site for a new Center Parcs to allow it to emphasise the growth potential of the business when it decides to push the button on…

Continue reading on  The Times