Billionaire’s 29 caravan parks put up for sale by administrators
Administrators have appointed a property firm to sell the 29 holiday parks that were part of a collapsed company owned by billionaire Robert Bull.
RoyalLife collapsed into administration this summer leaving the parks, 15 of which are the South West, facing an uncertain future.
Specialist retail and leisure property adviser, Christie & Co has now been appointed to market the residential caravan parks and properties on behalf of Paul Davies, Sandra Mundy and Tom Russell of James Cowper Kreston, the administrators of various companies associated with RoyaleLife Group.
The freehold properties are located across the UK, with four sites situated in the North West, two in the Midlands with the bulk of them in the South West.
Steve Rodell, director of retail and leisure at Christie and Co, said: “This is an exciting opportunity to acquire a variety of partially and fully developed residential caravan parks plus a development site and head office and we are delighted to have been appointed to market the assets, as a result of our ongoing relationships with the turnaround and restructuring community.
“Driving interest by fully exposing these assets to a variety of buyer groups is what Christie & Co does best across all our specialist sectors. This will ensure maximum proceeds are recovered, a key aim of the Administrators on behalf of creditors and stakeholders.”
He added: “The administrator has already received several approaches and we will contact all parties whilst we prepare to launch the properties onto the market.”
Christie & Co is inviting initial expressions of interest via an online form, which can be found here.
The RoyaleLife group was owned by billionaire Robert Bull, who was ranked 88th in the Sunday Times Rich List this May with a net worth of nearly £2bn.
He had claimed winding up orders were “based on false claims and unfounded information” and said they were the subject of legal action.
However in a High Court judgement by Judge Barber handed down on July 28, she refused to strike out a winding-up petition filed against a property company Bull wholly owned, Time GB Group.
Barber also issued strong criticism of Bull, former Time GB Group director James Williams, and Pinder Reaux solicitor Olivia Taylor-James for their evidence.
The affected sites are:
Moore Lane, Warrington
Budemeadows Country Park, Bude
Dolbeare Court, Saltash
Oakleigh Court, Dolton
Regency Court, Newton Abbot
Regency Place, Newton Abbot
Christchurch Marina Park, Christchurch
Matchams Lane, Christchurch
Beacon Hill, Poole
Manor Farm Park, Poole
Matchams Leisure Park, Ringwood
Silver Mist, Ringwood
Dorset Heights, Wareham
Deers Court, Wimbourne
New Forest Court, Wimborne
Dunton Park, Royal Dunton Court, nr Brentwood
Montserrat Caravan Park, Stroud
Frensham Country Park, Churt
Milford on Sea Park, Lymington
Wickham Court, North Boarhunt
Isle of Wight:
Fort Caravan Park, Sandown
IOW View, Sandown
Reculver Court, Herne Bay
Waterways, Herne Bay
Plum Tree Country Park, Thetford
Redhill Residential Park, Watton
Sherwood Court, Newark
Ranksborough Hall Estates, Oakham