Center Parcs (UK)

1987

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£250,000,000

Current Yield

4.8%

*
Estimated Yield to Maturity

4.6%

**
Maturity Date

28 Aug 2025

Interest Payment Frequency

6m

Next interest payment

28 Aug 2017

Asset Security

Whole Business Securitisation

Industry Type

Leisure and Real Estate

ISIN

XS1622392014


Business Description

Center Parcs revolutionised the holiday market in Holland over 40 years ago and did the same in the UK when it opened its first Village at Sherwood Forest in July 1987, providing short break holidays in the forest on a year-round basis. Now Center Parcs has five Villages across the UK: Sherwood Forest in Nottinghamshire; Elveden Forest in Suffolk; Longleat Forest in Wiltshire; Whinfell Forest in Cumbria and Woburn Forest in Bedfordshire. As a leader in the UK short break holiday market, Center Parcs occupies a unique position enjoying annual occupancy rate in excess of 97%. In August 2015 Center Parcs UK was acquired by Brookfield Property Partners, one of the world’s largest commercial real estate companies.


Capital Structure

Source: Public company information
* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary here
Based on the £2.4bn price Brookfield paid Blackstone for the company in 2015


Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

* This is the estimated return an investor can expect to receive over the next 12 months expressed in percentage terms. It is the sum of the expected interest payments over the year and where the coupon is partly dependent on Libor uses market based Libor forecasts at each coupon date and also takes into account the Note's current price. It is gross of taxation and our Service Fee. The current yield is therefore an estimated return only and is not guaranteed and may be revised in the future.
** This is an estimated annualised return gross of taxation and our Service Fee assuming the investment is held to maturity. It equates the present value of expected future interest payments of a Note into an annual yield across its life relative to the Note's current price. Where the interest coupon is partly dependent on Libor it uses market based forecasts of Libor and assumes that all interest is re-invested at a rate equal to the Yield to Maturity. For floating rate coupons because current market based forecasts are for Libor to increase in future years the calculation of Yield to Maturity assumes the interest paid to investors will be higher in future years. However, there is no guarantee that the Bank of England will raise interest rates or that Libor will increase as a result. In addition, any changes to the financial circumstances of the company or changes in the economic terms of the underlying loan could also impact future interest payments. The Yield to Maturity is therefore an estimated return only and is not guaranteed.

Status: Performing


Notes:

The company currently has no outstanding notes.

Capital at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
© wisealpha.com. All rights reserved