UK pension funds eye stake in Brookfield’s Center Parcs, reports Sky

China Investment Corp, the Chinese sovereign wealth fund that already owns a stake in Center Parcs, may invest more capital in the company.

Some of the UK’s biggest public sector pension funds are in talks to acquire a stake in holiday parks group Center Parcs, Sky News reported.

Greater Manchester Pension Fund, London-based Local Pension Partnership and Edinburgh-based Lothian Pension Scheme are among groups that have been in talks about buying between 15% and 20% of the company, Sky said, citing unidentified sources.

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The discussions are part of a recapitalization of Center Parcs by its Canadian owner, Brookfield Asset Management, which will remain the majority owner of the company after the refinancing.

Center Parcs, which owns five resorts in the UK and another at Longford Forest in Ireland, will be valued at about £4.5 billion ($6.1 billion) as part of the process, according to the report.

The refinancing is expected to conclude in the first quarter of 2026.

China Investment Corp, the Chinese sovereign wealth fund that already owns a stake in Center Parcs, may invest more capital in the company, Sky added. Universities Superannuation Scheme had also been involved in the talks, although it is unclear whether it would be part of the final syndicate of investors.

Brookfield and USS declined to comment to Sky, while none of the other pension funds could be reached by Sky for comment.

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