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Lifestyle Living goes on £3m spending spree
Holiday park owner Lifestyle Living Group has rescued a number of prime Lincolnshire holiday destinations by buying three caravan parks out of administration.
In deals totalling £3m, the group has acquired the Little Haven Caravan Park and The Willows Caravan Park in Chapel St Leonards, and The White Horse Caravan Park in Metheringham.
Lifestyle Living Group, based in Peterborough, says it will now develop the parks using funds from its £10m investment group programme.
The group’s owner and chairman Tony Barney said: “The Lincolnshire coast and its thousands of acres of splendid countryside ensure that the county has retained its charm over the years, remaining a magnet for UK tourists and indeed retired couples.
“We are seeking to expand our park portfolio in Lincolnshire further, and we welcome direct approaches from park owners looking to sell or even those looking for a joint venture partner.”
Lifestyle Living Group expects that the three acquisitions will create around ten new jobs in Lincolnshire across the parks.
The purchase of the three Lincolnshire caravan parks - Lifestyle Living Group’s fourth group of deals in as many months, was advised on by law firm Hallow Associates and accountants Grant Thornton.
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