Caravan park empire put up for sale on open market

The 29 caravan parks which were part of the collapsed Royale Park have been put up for sale.
The caravan parks were owned by billionaire businessman Robert Bull. His empire collapsed with debts of more than £300m.
Problems arose when the Covid pandemic resulted in a sharp drop in the supply of new mobile homes.

Creditors include Sines Parks Holdings Limited, Sun Assignment Ii Llc, Glas Trust Corporation Limited, Jdi Asset Finance Limited and Icg-Longbow Investment.
On behalf the joint administrators, Paul Davies, Sandra Mundy and Tom Russell of James Cowper Kreston, specialist retail and leisure property adviser, Christie & Co has launched 29 RoyaleLife Group residential caravan parks and properties to the market.
Available individually, in subgroups or as a portfolio, the list of 29 freehold park located across the UK includes:
North West
1. Carter Hall, Lancashire
2. Croft Court, Lancashire
3. Stalmine Hall Court, Lancashire
4. Warrington Court, Cheshire

1. Royal Ranksborough Hall, Leicester
2. Sherwood Court, Notts

South West
1. Dolbeare Park, Cornwall
2. Gaverick Court, Devon
3. Oaktree Court, Devon
4. Stroud Heights, Gloucestershire
5. Regency Court, Devon
6. Manor Farm Court, Dorset
7. New Forest Court, Dorset
8. New Forest Glades, Dorset
9. New Forest Glen, Dorset
10. Royal Heights, Dorset
11. Silver Mists (Land West of Hurn Rd), Dorset
12. Lodge at Silver Mists, Dorset

1. Village Way, Isle of White
2. Fort Holiday Park, Isle of White
3. Rowlands Wait Touring Park/Rochester Court, Hampshire
4. Wickham Court, Hampshire
5. Frensham Court, Hampshire
6. Solent Grange, Hampshire
7. Former Head Office, Fareham Hampshire
8. Dunton Park, Essex
9. Waterside, Essex
10. Oakwood Court, Surrey
11. Reculver Gardens, Kent

Jamie Keith – Head of Holiday and Residential Parks comments, “This is an exciting opportunity to acquire a variety of partially and fully developed residential caravan parks and related properties including development sites and a head office. We are delighted to have been appointed to market the assets, because of our ongoing relationships with the turnaround and restructuring communities.
Steve Rodell, Managing Director of Retail & Leisure adds, “The ability to fully expose these assets to a variety of buyer cohorts 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.
“Our initial announcement resulted in a significant volume of calls and emails with expressions of interest. There are enquiries from adjacent landowners, park operators, speculative investors and developers, so a real mix.
“We want to thank everyone for their patience whilst we collated our marketing information for each site.

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