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The Times & The Sunday Times
The Times & The Sunday Times
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Center Parcs boat comes in

The Sunday Times
Martin Dalby, the Center Parcs chief, is overseeing a £203m investment in a new resort in Ireland
Martin Dalby, the Center Parcs chief, is overseeing a £203m investment in a new resort in Ireland
TOM STOCKILL
The Sunday Times

The Canadian owner of Center Parcs has been paid about £150m in dividends from the holiday villages operator. Center Parcs refinanced more than £800m of its debt last week, halving the cost of its loans. The new financial structure allowed its owners, Brookfield Property Partners, to plough nearly £100m into a resort in Co Longford in the Republic of Ireland. It will spend €233m (£203m) on the 395-acre site, to open in 2019. Center Parcs, which has its HQ in Newark, Nottinghamshire, and is led by chief executive Martin Dalby, operates five resorts in Britain, which were host to 2m guests last year. Barclays and Royal Bank of Scotland managed the company’s refinancing.