maandag 30 maart 2020

Center Parcs owner will provide ‘interim assistance’ for holiday parks if required

Brookfield Asset Management, the Canadian fund that owns Center Parcs, says it is prepared to prop up the holiday parks operator, if required, during the Covid-19 crisis.

Center Parcs has also announced it is extending the closure of its Irish facility in Co Longford.

Center Parcs hosted a conference call with bond investors on Tuesday, during which it outlined its liquidity position, including its ability to pay interest to noteholders while Britain and Ireland remain under effective lockdown.

Martin Dalby, the chief executive of the UK holiday park group, told investors that Longford Forest, which it had previously announced would close until March 29th, would now stay shuttered until Thursday, April 16th.

However, the news was subsequently overtaken later on Tuesday by the Government’s announcement of the extension of lockdown restrictions until Sunday, April 19th.

Bron: Irish times