Center Parcs owner mulls £4bn sale or IPO of business

The owner of Nottinghamshire-headquartered Center Parcs is said to looking to appoint bankers in a move that could lead to the £4bn sale of the holiday village business.

According to reports, Brookfield Property Partners, which has held a controlling stake in Center Parcs since 2015, is set to instruct Barclays to advise on the future of the holiday park giant.

Sky News says Brookfield is weighing up the disposal of a minority stake, outright sale or IPO of Center Parcs, which recently posted its best-ever half year results.

Center Parcs opened its first site in Sherwood Forest in 1987 and now has further venues at at Elveden Forest in Suffolk, Longleat Forest in Wiltshire, Whinfell Forest in Cumbria and Woburn Forest in Bedfordshire.