Tue, 23 Mar 2010 | BUSINESS SALE
US private equity group Blackstone is mooting the sale of its majority £1.4 billion stake in the British holiday chain Center Parcs, it has been reported.
The firm is currently exploring potential interest in the sale, though it plans to keep a significant holding in the properties.
Blackstone was granted approval last week from the holders of the bonds backing the portfolio acquisition to extend its debt maturities until 2013, giving it time to work on its plans for the properties.
If a sale goes ahead, it would be one of the largest since the last property boom.
Blackstone also owns the operating business that manages the parks. It bought the operating and property businesses in separate deals in 2006 for a combined total of £1.1bn.
It is believed that the firm is also mulling sale-and-leaseback transactions on other parts of its property portfolio. It has been reported that there is much demand from institutional investors for real estate assets that provide long leases and secure income streams via rent from tenants.
This practice, which was established in the 1980s, is available for sale due to the retirement of the practitioner.
This practice, which was established in the 1980s, is available for sale due to the retirement. The partners would be available to assist in the transition period to ensure a smooth handover of clients.
This practice, which was established over 25 years, is available for sale due to the retirement. The vendors would be available to assist in the transition period to ensure a smooth handover of clients.
18
|
Apr
|
Education specialist makes second LDC-backed acquisition | BUSINESS SALE
Hybrid, an education media and marketing services firm, has ...
18
|
Apr
|
Administrators appointed to SPV behind £24m Bolton redevelopment | ADMINISTRATION
A special purpose vehicle (SPV) behind a £24 million r...
17
|
Apr
|
Hoxton Capital Management targets more M&A after double acquisition | BUSINESS SALE
International independent financial advisory firm Hoxton Cap...
18
|
Apr
|
Administrators appointed to SPV behind £24m Bolton redevelopment | ADMINISTRATION
A special purpose vehicle (SPV) behind a £24 million r...
18
|
Apr
|
Education specialist makes second LDC-backed acquisition | BUSINESS SALE
Hybrid, an education media and marketing services firm, has ...
17
|
Apr
|
South Wales merger creates property and business finance services portfolio | MERGER
The merger of two firms based in South Wales has created a c...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.