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Twenty Two Precise Property acquires a Heart Parcs in Germany

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Printed on 11/10/23 – Updated on 11/10/23

Heart Parcs Allgäu, one in every of the largest and latest net sites owned by the Pierre & Vacances – Heart Parcs group, has trusty been got by TwentyTwo Precise Property, an self ample group devoted to property funding in Europe, from Batipart.

Positioned in south-west Germany, shut to Munich, Stuttgart and Zurich, Heart Parcs Allgäu opened its doors in 2018. The positioning covers 184 hectares and is dwelling to 1,000 cottages rented and operated by the Pierre & Vacances – Heart Parcs group.

The acquisition covers 750 of the 1,000 cottages as successfully because the predominant sports and leisure products and companies. The transaction used to be applied by the TwentyTwo Precise Property Fund III and its friends with Lagune Global, an funding vehicle managed by Batipart.

The deal permits TwentyTwo Precise Property to continue its pan-European enlargement by investing in a like a flash-growing sector. The group’s purpose is to capitalise on the trend in opposition to nature-primarily based fully tourism, which has been booming for the explanation that successfully being disaster. This acquisition furthermore meets the aim of deciding on resources with tough performances in an inflationary atmosphere.

Lastly, this acquisition is furthermore in accordance with TwentyTwo Precise Property’s CSR policy, which is centered on environment up sustainable worth. Heart Parcs d’Allgäu has an heroic CSR belief, in accordance with the PVCP Team’s ambitions, which has been taken into story from the outset of its construction. The positioning has purchased loads of certifications, in conjunction with Gold DGNB, and is furthermore ISO 14001 and ISO 50001 certified.

This funding underlines our stable hobby in leisure and poke keep hotels, and particularly in obvious-impact tourism resources that contain a benchmark situation of their local market. We’re cheerful to hold got the bulk of this portfolio, which is the largest lodge in Germany when it comes to earnings. This acquisition is furthermore the largest transaction moving a lodge asset in Europe for the explanation that initiate of the year.

Daniel Rigny, Founder and Chairman of TwentyTwo Precise Property

Pierre & Vacances Heart Parcs

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