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Insider UK
Insider UK
Peter A Walker

Park Holidays buys two sites off Christies Parks

Park Holidays has purchased two holiday parks in Lossiemouth and Burghead, Moray.

Commercial real estate firm Colliers arranged the deal on behalf of Christies Parks to sell the coastal locations off a guide price of £9m.

Christies Parks was established in 2006 when Gordon Christie reorganised the historic family business, Christies of Fochabers, which had been established by his great grandfather Thomas Christie in 1820. It is recognised as the third oldest family business in Scotland and started trading in caravan parks in 1974.

Lossiemouth Bay Caravan Park and Burghead Beach Caravan Park, consist of a combined 250 caravan and lodge pitches.

Park Holidays was recently acquired by US-based real estate investment trust Sun Communities for a reported £950m.

Richard Moss, head of UK parks agency at Colliers, said: “Our client is an excellent operator and Park Holidays clearly saw that they would inherit a very well organised and sustainable business, in locations that fitted their brief and offering.

“It’s a truly fascinating marketplace at the moment with private equity giants, overseas investors, family offices and expanding private family businesses all jostling for position.”

The vendors were also advised by Pinsent Masons for legal matters, Johnston Carmichael for financial.

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