Brookfield Agrees to Acquire Center Parcs From Blackstone
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Brookfield Property Partners (BPY) to Acquire Center Parcs UK (BX)
June 2, 2015 5:57 AM EDTBlackstone (NYSE: BX) and Brookfield Property Partners L.P. (NYSE: BPY) announce that a Brookfield-managed fund has agreed to acquire Center Parcs UK for an undisclosed sum from funds managed by Blackstone's private equity and real estate businesses. The transaction is due to complete by the end of July.
Center Parcs operates five short break destinations across the UK: Sherwood Forest, Nottinghamshire; Elveden Forest, Suffolk; Longleat Forest, Wiltshire; Whinfell Forest, Cumbria and Woburn Forest, Bedfordshire. In 2015, Center Parcs expects to welcome more than two million guests. The... More
