Canadian private equity firm has put UK holiday resort Center Parcs up for sale and is looking for £4-£5bn, according to the Financial Times.
Citing people familiar with the deal, the FT said the decision to go ahead with the sale marks a bold move for Brookfield as the UK faces falling property values and higher interest rates.
But it could also net Brookfield a windfall for Brookfield after paying just £2.4bn for the holiday village operator from Blackstone in 2015.
The FT said Brookfield has appointed investment bankers who have been sounding out potential buyers in the past week, the people said.
Center Parcs operates six resorts in the UK and Ireland, offering attractions such as water parks and forest playgrounds with its five UK sites were independently valued at £4.1bn in April, based on the value of the real estate alone.
The company hosts more than 2mln guests a year with 98 per cent occupancy, according to Brookfield.
Travel and leisure have been strong performers in the equity as consumers have rediscovered their loves of sun, sea and sand after being locked up during the pandemic.
Airlines and hotels have reported bumper bookings in the past quarter with strong booking levels already reported for the Summer.