Brookfield Property Partners is in talks with some of its own fund investors regarding the sale of a stake in Center Parcs, according to Sky News.
Brookfield’s discussions with some of its limited partners is in preliminary stages. However, the identity of the partners are unclear and there’s no certainty a deal will be agreed.
This comes amidst an ongoing auction for the holiday resort chain, with CVC Capital Partners, real estate specialist KSL Capital Partners and the Singaporean sovereign wealth fund GIC reportedly amongst the list of interested bidders.
Hospitality Investor understands that all options remain on the table, including a full sale of the business.
Brookfield declined to comment.
Why it matters
This is the latest development in Brookfield’s as yet unsuccessful attempt to sell the holiday resort chain for £5 billion and shows the investor is exploring alternatives other than a complete sale of Center Parcs UK and Ireland operations.