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.
The company is a well-established specialised contractor offering commercial decoration services across Central Scotland, known for its strong relationships with Tier 1 construction organisations and preferred contractor status. With a diverse projec...
This market-leading business specialises in bespoke, luxury kitchens and whole-house furniture, with expertise in handmade designs using responsibly sourced local hardwoods. Catering to high net-worth individuals, the company boasts a strong team and...
A well-established travel company with over 14 years of experience, it specialises in weekend breaks, five-day adventures, and summer holidays across the UK and Europe, offering the convenience of a door-to-door pick-up service. The business benefits...
FREEHOLD
|
07
|
|
Jul
|
Independent property firm acquires Blackpool estate agent | BUSINESS SALE
An estate agent based in Blackpool has been acquired by grow...
|
07
|
|
Jul
|
Poke restaurant chain acquires rival | BUSINESS SALE
Honi Poke has acquired rival poke chain Island Poké i...
|
07
|
|
Jul
|
MSP Contrac IT set for M&A growth after acquisition by telecoms group | BUSINESS SALE
Venridge Limited, a Yorkshire-based managed services provide...
|
07
|
|
Jul
|
PE-backed accident services group makes significant acquisition | BUSINESS SALE
Activate Group, an accident management services provider bac...
|
07
|
|
Jul
|
MSP Contrac IT set for M&A growth after acquisition by telecoms group | BUSINESS SALE
Venridge Limited, a Yorkshire-based managed services provide...
|
07
|
|
Jul
|
Poke restaurant chain acquires rival | BUSINESS SALE
Honi Poke has acquired rival poke chain Island Poké i...
Business Sale Report is the complete resource for finding genuine 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.