What's Happening?
TwentyTwo Real Estate has announced its agreement to acquire Terhills Resort in Belgium from LRM, with the transaction expected to close on May 29, 2026. The 63-hectare resort, operated by Center Parcs, features 250 waterfront cottages and central leisure
facilities near Hoge Kempen National Park. Center Parcs will continue to operate the resort for at least the next decade, ensuring continuity for guests. The acquisition is part of TwentyTwo Real Estate's strategy to expand its pan-European presence in leisure and destination hospitality, following its acquisition of Center Parcs Allgäu in Germany.
Why It's Important?
This acquisition highlights TwentyTwo Real Estate's commitment to building a sustainable and high-quality portfolio in the leisure and hospitality sector. By acquiring Terhills Resort, the company strengthens its partnership with Center Parcs and enhances its presence in the European market. The resort's location and features, including timber-frame construction and solar infrastructure, align with TwentyTwo Real Estate's focus on sustainable and experience-led assets. The transaction supports the long-term positioning of Terhills Resort as a leading leisure destination in the region.
