Holiday park bought in seven-figure deal

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Holiday park bought in seven-figure deal

Post by Keith » 3 years ago

West Country Park Homes has acquired Purn Holiday Park for an undisclosed seven-figure sum, supported by Barclays.

The deal will safeguard 18 jobs at the Weston-Super-Mare park as well as complementing West Country Park Homes existing portfolio of nine caravan parks operating across Somerset.

Purn Holiday Park covers 28 acres featuring 165 static caravan pitches and space for 60 touring caravans along with pitches for tents. It also includes a clubhouse, including bar, restaurant and an indoor swimming pool.

Sean Abrahams, director at West Country Park Homes, said: "This latest acquisition complements our existing portfolio and, in time, we look forward to carrying on the work started by its previous owners.

"The South West remains a destination of choice for many holiday makers and our ambition is to make sure Somerset remains as one of the UK's leading resorts enjoyed by all."

Stuart Rowland, relationship director at Barclays in Somerset, added: "By working closely with the owners and understanding their business, Barclays has been able to support the acquisition throughout.

"The management team has a strong proven track record in running caravan parks and it's important to us that we continue to help them meet their on-going growth aspirations, now and in the future."

West Country Park Homes, established in 1972, is headquartered at Edithmead, near Highbridge in Somerset and currently operates caravan sites in Burnham-on-Sea, Highbridge, Bawdrip, and Mark.

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