Three Butlin's resorts now have new landlords, following a £300million deal to purchase the popular holiday venues. The Minehead site in Somerset, Skegness and Bognor Regis sites have each had 'ground rent deals' or arrangements agreed, Somerset Live reports.
According to the reports, the Butlin's sites' new landlord is the Universities Superannuation Scheme, which is the UK's largest pension scheme. It already boasts management of £3billion in assets - and now it's acquired the real estate of these Butlin's sites too.
However, that doesn't mean that the entirety (or the wider holiday park business) of Butlin's has been snapped up. After being put up for sale by its current owners last year, it's still very much on the market - and is expected to fetch a figure as high as £700million amid a boom for holidays here in the UK following the Covid-19 pandemic.
