Center Parcs UK put up for sale ‘with £5bn price tag’

Asking price of at least £4 billion for UK entity of company Center Parcs has been put up for sale by its Canadian owner with a bid of up to £5bn expected for the UK resort chain, according to reports. Canadian private equity group Brookfield bought the business for around £2.4bn eight years ago and is said to be expecting to raise between £4bn and £5bn in the sale. There are six holiday locations under the UK and Ireland banner which operate independently of Center Parcs in Europe and elsewhere. …visit Independent to read…

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Benoy to design $1.8 billion Riyadh ‘Box of Jewels’

London-based architecture firm Benoy has been appointed to design a new leisure destination on Riyadh’s Golden Strip. A $1.8 billion development named Konoz – Arabic for ‘box of jewels’ – the project will be developed by Abdullah Al Othaim Investment Company, one of the Kingdom’s largest shopping mall operators. Following its appointment, Benoy has unveiled its design plans, which will bring together both new and old elements of the city. The site – which will include a 20,000m² entertainment city, a 250-room luxury hotel, 50,000m² office spaces and residential offerings,…

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Funding supports multi-million-pound Chester Zoo Grasslands

An African species zone and 50-bed lodge-style hotel are due to open to the public in spring 2025, following a green loan from Santander. Chester Zoo has received a funding package, made up of a green loan and revolving credit facility, to support the multi-million-pound Grassland project. Santander was advised by Addleshaw Goddard in the deal. Chester Zoo was advised by Hill Dickinson and Knights Debt Advisory. The lakeside lodges will be a part of the main zoo and accompanied by a giraffe feeding station, covering 36,550 sq ft. …Visit Place North West…

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