Blackstone Portfolio Company, Center Parcs, one of the UK’s leading holiday and short break providers, announced today that it will start construction on a fifth site at Woburn, creating a total of 1500 new jobs, plus more than 1200 construction jobs. Investment funds managed by Blackstone and lending banks will back the £250 million new site.
Prime Minister David Cameron endorsed the expansion, commenting:
“Center Parcs is much loved by many and this new site is not only great news for holiday makers but great news for the economy too. This expansion and the jobs that it brings will be a real boost to growth and a sign of the increasing investor confidence that there is too.”