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Agreement signed to acquire 51.43% of the shares in Sunparks De Haan NV
Download pdf 17/10/2018

Home Invest Belgium, Belfius Insurance and the infrastructure investors TINC and DG Infra Yield have signed an agreement to acquire 51.43% of the shares of Sunparks De Haan NV.

On October 15th 2018, Home Invest Belgium signed an agreement to acquire, through a newly incorporated company of which she holds 50% of the shares (the remaining 50% are held by Belfius Insurance (25%), the listed infrastructure investor TINC (12.5%) and the infrastructure fund DG Infra Yield (12.5%)), 51.43% of the shares in Sunparks De Haan NV. The remaining shares of the latter company are acquired by a French equity fund, managed by Atream, a French real estate asset and fund manager.

Sunparks De Haan NV is the owner of the touristic leisure facility with shared infrastructure located in 8420 De Haan, Wenduinesteenweg 150. This complex enjoys a unique location near the seaside. The leisure complex will be gradually and thoroughly renovated and is operated for a fixed initial period of 15 years by Sunparks Leisure NV (part of the holiday group Pierre & Vacances) based on an index-linked ‘triple net’ agreement. 

The transaction value is in line with the fair value as determined by CBRE and amounts to ± € 75 million, which will be partly financed by the shareholders and the remaining balance by bank debt. The complex will be fully renovated and upgraded to a Center Parcs village with 4 birdies classification.