A £182 million deal for premium holiday park operator Park Leisure has been agreed by US firm Sun Communities, taking its spending in the UK over £1 billion in the past six months.
The 24-year-old business, which was owned by Midlothian Capital Partners and a consortium of investors for the past five years, has 11 award-winning locations across the UK.
Sun, a New York Stock Exchange listed real estate investment trust that focuses on parks, motorhome resorts and marinas, has swooped for the 2,900 pitch portfolio, with completion anticipated in the second half of the year.
