Corporate dollars are pouring into prized leisure parks as institutional investors corporatise an asset class traditionally favoured by mum-and-dad investors.
Developers aren’t fazed by the fact that revenue decreased by nearly 30 per cent in 2020-2021 during the pandemic. Instead, the land grab continues as transactions ramp up across the nation’s 2400 caravan parks.
After a tough couple of years marred by forced closures due to the pandemic, leisure park owners are keen to cash in, with 104 parks listed for sale across the country as of December 2021.
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