Holiday park surveying firm reports rise in leisure acquisitions
LEISURE SITE acquisitions will gather even greater momentum in 2022 predicts a specialist chartered surveying firm which has just helped facilitate the buy-out of a major marina group.
Michael Paul Consultancy (MPC) says the acquisition of Castle Marinas by moorings provider Aquavista is the latest example of industry confidence in the growth of the leisure sector.
Sparked by two years of restricted overseas travel, says MPC director David Broadhead, there is every indication that stays in the UK will continue to enjoy a long-term renaissance.
MPC provided a due diligence role in advising Midlands-based Aquavista in the run-up to its purchase this winter of the eleven sites owned by Castle Marinas.
The acquisition has expanded Aquavista’s portfolio to 29 UK-based marinas which provide a mix of residential and leisure berths, boat sales, floating homes and marine services.
As part of its consultancy brief, MPC provided detailed reports and evaluations on the buildings, machinery, equipment and infrastructure of the Castle Marina portfolio.
“It was a complex and multi-faceted purchase across a wide geographical spread, and involving an array of inland and coastal leisure and residential properties,” said David.
“This, however, is very much our area of expertise, and we were able to draw on our team’s wide experience of assessing and valuing the many different components of such businesses.
“We are receiving a growing number of new instructions from clients connected with acquisitions in the UK’s leisure industry ranging from glamping and camping sites to holiday parks and marinas.
“Without exception, holiday companies are reporting record advance bookings for next year and are planning for sustained expansion well into the future.
“This is fuelling interest both from firms already active in the sector, and from corporate investors,” he added.
MPC, which has offices in the South West, the Midlands and Scotland, has 50 years of experience acting as chartered surveyors for both the buyers and sellers of UK leisure developments.
“Companies such as Aquavista clearly see a bright outlook for the domestic leisure market and we were delighted to be able to play a part in helping them achieve their next step,” said David.
There is more information about MPC on its website at www.michaelpaulconsultancy.co.uk