SINGAPORE: Government Investment Corporation is said to be in talks for a joint £4 billion bid for Center Parcs with private equity investor KSL Capital Partner, according to a June 14 news report. Center Parcs is the largest chain of upmarket holiday resorts in the United Kingdom.
Private equity firm Blackstone, which owned Center Parcs from 2006 to 2015, is reportedly considering a bid to re-acquire the firm. Brookfield has hired Bank of America, Barclays, and Eastdil Secured to manage the sale, which was announced last month with a price range between £4 and £5 billion .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: