An operator of holiday parks across the UK has doubled the size of its portfolio with two major acquisitions.
Coppergreen, which owns and operates two sites in Yorkshire and Scotland, has taken over Kenwick Park Golf Hotel and Spa and Lodge Park in Lincolnshire and Clumber Park in Nottinghamshire, as part of a £25m investment.
The holiday park operator makes the move as a continuation of its growth strategy across the country, adding the two new additions to Woodland Lakes in North Yorkshire and Piperdam Golf & Leisure Resort in Scotland in the Coppergreen portfolio.
Yorkshire law firm Keebles acted in the deal, with BGF investing £10m of growth capital and HSBC providing £15.3m towards these purchases and general group capital expenditure.
Keebles represented HSBC in the transaction.
The Clumber Park development, situated next to a National Trust country park, will see the creation of 129 new lodges and facilities including a gym, swimming pool, restaurant and reception.
Kenwick Park, located in the Lincolnshire Wolds, is home to 90 self-catering lodges and a 34-bedroom hotel and spa. The development company took on the property after Stuart Flynn decided to retire, and plans have already been lodged to expand.
Coppergreen chief executive David Copley said: “The acquisition of Kenwick Park and Clumber Park are fantastic additions to the group and fit perfectly with our mission to provide visitors with quality accommodation in some of the most beautiful settings in the UK.”