THE holiday parks market has started strong in 2024, with two parks changing hands in February and a further dozen deals in progress, says the specialist Parks team at commercial real estate firm Colliers.
Castle Bay Holiday Park in Portpatrick and Campsie Glen in Fintry have changed hands with Luxury Leisure Parks taking over the spectacular coastal park in Dumfries and Galloway and Largo Leisure now operating the picturesque countryside site north of Glasgow.
Richard Moss, Head of Parks at Colliers, said: “Following a year when many transactions were delayed or held over, we’ve started 2024 strong, getting two parks in Scotland over the line with several more in the immediate pipeline. There’s plenty of activity taking place, with operators looking to sell sites, either to fund expansions elsewhere or for personal reasons, and are coming to the realisation that there are plenty of buyers looking to be acquisitive at sensible levels.
“However many are still holding out for a more favourable debt market, but after the recent stability in interest rates we’re seeing transactions now progressing. There is a significant number of deals in legals and we look forward to making further announcements about the market soon.”
Castle Bay Holiday Park, a 22.5 acre park which overlooks the North Sea and the ruins of Dunskey Castle, has a licence for 125 holiday and residential lodges. It was sold by a private family owner off of a guide price of £2.3million.
Wood Leisure sold Campsie Glen a 196-pitch site within 30 acres of land, with a license for 28 residential caravans, 139 static holiday caravans and 63 touring caravans. Sold off market for an undisclosed guide price, the park includes a recently refurbished bar and bistro for up to 150 covers, a welcoming reception lodge/sales office, heated swimming pool, games room and outdoor play area.
