Vacanceselect announces the signature of a sale & leaseback agreement for an amount exceeding 110 million euros with Swiss Life Asset Managers, Real Estate France and the signing of a new refinancing plan
Vacanceselect continues its real estate operations with the sale of a portfolio of assets and the signing of long-term lease agreements for 7 Tohapi Privilège campsites mainly located in the south-western and southern coastal areas.
"This Sales & Leaseback transaction is in line with our strategic roadmap and allows us to enhance the value of our high-end real estate portfolio under the best conditions. This is a strong demonstration of investor interest in our group & its brands, and a renewed confidence in our profitable growth," says Christophe Alaux, Chairman of the Executive Board of Vacanceselect
This operation was carried out with the new Club Plein Air Tourisme fund of Swiss Life Asset Managers (Real Estate France), which aims for a target of 300 million euros over the next 3 years with an average debt of 35%.
Vacanceselect is thus pursuing its "Cap 2020" strategy, in which it plans to pursue and accelerate development in France and abroad. In one year, the group raised €345 million, created the Tohapi franchise and carried out a major re-branding operation to replace its former name ("Vacalians").
On Friday, December 7, Vacanceselect announces the signature of a new refinancing plan to support its development in Europe. The total amount of the operation amounts to 420 million euros by 2025.
The group's rapid evolution is part of the group's DNA. Christophe Alaux, said: "The tourism and leisure industry is undergoing a major transformation. Vacalians, which becomes Vacanceselect, is a start-up of the campsite that has managed in 15 years to reach the first place on the podium for Outdoor Resorts in Europe. We want to go further and reaffirm our social and societal roots, those of holidays for all, to fully embrace the transformation of tourism and the digital economy."
