M&G is in exclusive talks to buy most of the property behind Blackstone’s Center Parcs holiday business in the UK.
Blackstone hopes the sale will raise more than £1bn and it is in the final stages of creating a fund to hold the £1.4bn UK property assets. M&G will buy the majority stake.
The sale affects UK sites in Whinfell Forest, Cumbria; Longleat, Somerset; Elveden Forest, Suffolk and Sherwood Forest, Nottinghamshire.
04/06/10 Financial Times 19
