Brookfield, a private equity firm, completed the acquisition of Center Parcs, an operator of short-break holiday villages, from Blackstone, a private equity firm, for £2.4bn. "To date, Brookfield Property Group’s investment activity in the UK has focused primarily on the office and logistics market; however, our global portfolio has always encompassed a broader mix of asset types including property deriving its returns from leisure activities. Center Parcs’ villages are high-quality, popular short break destinations for friends and families, with loyal guests and outstanding service. Although these resorts are already producing steady streams of cash flow supported by nearly full occupancy year-round, we see compelling opportunities to grow the business and enhance our investment returns," Ric Clark, Brookfield CEO.