Secura Lifestyle Delivers Successful Result with Holiday Parks Sale
Holiday Park management services company, Secura Lifestyle, announces the successful execution of a park portfolio divestment strategy.
The portfolio, being a mix of nine holiday parks and communities across three states has been managed on behalf of boutique investment fund managers PortNordica Limited since 2015.
The final settlement took place in December 2021.
Secura Lifestyle Chief Executive Officer, David Birch, states that he is delighted to have delivered such a result for our client, PortNordica Limited.
“Our team is incredibly proud with the grounds we’ve made managing these assets on behalf of our client over the past many years; developing and implementing effective strategies to increase asset quality and value whilst identifying and driving efficiencies across the entire portfolio. The fruits of these strategies made it a perfect time to explore divestment opportunities given the strength of the domestic tourism market and in turn the Holiday Park sector,” Birch said.
“Working for PortNordica has been a dream for our team; we’ve not experienced a more supportive client. They have trusted our recommendations based on our extensive industry experience and practical approach to business improvement. With their unquestionable backing and encouragement, we have managed to accomplish this positive result for the portfolio.” Birch added.
With the continued appetite for quality holiday park assets and affordable accommodation in the short-term and residential community accommodation sectors, the timing of this transaction has been ideal for both Seller and Purchaser.
Secura wraps up, satisfied in the knowledge we have achieved such an outcome for all parties involved” Birch said.
Secura Lifestyle will conclude its commercial operations at the end of December 2021.