LaSalle Supports Acquisition with £123 Million Debt Financing
Deal News | Nov 05, 2024 | LaSalle Investment Management
LaSalle Investment Management has provided a £123 million loan through its LREDS IV real estate debt fund to finance the acquisition of two UK holiday parks by One Investment Management and Foundation Partners. Located in Somerset and Yorkshire, these parks collectively comprise about 4,300 pitches. The investment will expand the number of pitches, enhance facilities, and improve operations, forming the seed assets of a targeted £500 million Unity Holidays platform. Nathan Jackson from LaSalle Debt Investments expressed satisfaction in supporting the acquisition with bespoke financing solutions, underscoring LaSalle's emphasis on capitalizing on opportunities in the UK leisure market. LaSalle, managing $84.8 billion in assets, aims to continue supporting OneIM's growth. OneIM, a global investment manager founded in 2022, focuses on complex capital structure investments with around $7 billion in assets under management.
Sectors
- Real Estate Investment
- Travel and Leisure
- Private Equity and Investment Management
Geography
- United Kingdom – The acquisition and developments are located in the UK with specific sites in Somerset and Yorkshire.
- Global – LaSalle Investment Management and OneIM have a global presence with operations and investments across various locations worldwide.
Industry
- Real Estate Investment – The article discusses LaSalle Investment Management providing financing through its real estate debt fund for the acquisition of holiday parks in the UK.
- Travel and Leisure – The focus on holiday parks highlights the Travel and Leisure sector as the parks aim to attract more visitors and enhance offerings.
- Private Equity and Investment Management – OneIM and Foundation Partners, as investment entities in the deal, showcase the involvement of the Private Equity and Investment Management sector.
Financials
- £123 million – The amount of debt financing provided by LaSalle Investment Management for the acquisition of the holiday parks.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LaSalle Investment Management | Financing Provider | Company | A global real estate investment manager providing the £123 million loan facility for the acquisition of holiday parks. |
| One Investment Management (OneIM) | Acquirer | Company | A global alternative investment manager involved in acquiring the UK holiday parks. |
| Foundation Partners | Acquirer | Company | An independent private equity firm collaborating with OneIM to acquire the UK holiday parks. |
| Unity Holidays | Platform | Company | A proposed £500 million platform targeting growth in holiday park assets. |