Mayer Brown advises Brookfield on the acquisition of Center Parcs
2 June 2015
London - Leading global law firm Mayer Brown has advised the Canadian property group, Brookfield, on its acquisition of Center Parcs, a holiday resort operator.
Brookfield acquired Center Parcs’ five holiday villages in the United Kingdom from Blackstone Group, a global investment and advisory firm for an undisclosed sum. Blackstone decided to sell the business after nine years of ownership and the transaction is expected to complete by the end of July.
Jeremy Kenley, Corporate & Securities partner at Mayer Brown, commented: “Center Parcs is a high quality leisure asset for Brookfield and an excellent opportunity to diversify its real estate investment portfolio in the UK. We are delighted to have advised Brookfield on this transaction.”
The Mayer Brown team was led by Jeremy Kenley and included Corporate & Securities partners Tim Nosworthy, Kate Ball-Dodd, and senior associate Katherine Woods; Tax Transactions & Consulting partner Sandy Bhogal and senior associate Ben Fryer; Real Estate partners Jeremy Clay and Andrew Hepner, Environment & Planning partner Michael Hutchinson and IP partner Mark Prinsley and senior associate Oliver Yaros.
Freshfields acted for the Blackstone and Travers Smith acted for management of Center Parcs.
Mayer Brown previously represented Brookfield on its acquisition of the Gazeley business in June 2013 and a portion of the debt in CityPoint in December 2014.