Property investor Rockspring has announced that it will be selling off eight of its caravan parks in central and northern England. The sites, which cover regions including Derbyshire, the Lake District and Northumberland, will be sold off by chartered surveyor Humberts Leisure, The Independent reported.
Rockspring bought the portfolio of parks in 2007 for £40 million, but believes that now is a good time to sell, due to a fragmented market.
The company is not alone, with Graphite Capital also due to sell off its 25-strong Park Holiday chain, which is believed to be worth £220 million, having almost doubled in value over the past five years.
“Caravan parks have boomed in the recession and its aftermath. More people are taking holidays in the UK, attracting investor interest in the sector,” the news provider added.
The eight parks being offered for sale by Rockspring comprise 2,119 pitches, valued at £24,500 each.
