Brookfield (BAM) bought Center Parcs UK from Blackstone (BX) in June 2015 for GBP 2.4B. Inspire of GBP depreciation the investment is poised to pay off due to development initiatives that have grown the company. Also lower interest rates in UK have made real property assets more easy to finance and cash flows more valuable. Brexit has not had a negative impact as depreciated GBP has made cost for foreign tourists more affordable.
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