UK Pension Funds Eye Stake in Brookfield’s Center Parcs: Sky

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. 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.