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 resort, which opened in 2021, is operated by Center Parcs and features 250 waterfront cottages
and central leisure facilities. This acquisition is part of TwentyTwo Real Estate's strategy to expand its pan-European presence in leisure and destination hospitality. The resort is located at the gateway to Hoge Kempen National Park in Limburg, Flanders, and is part of a broader transformation of the area, developed on a remediated former industrial site.
Why It's Important?
The acquisition of Terhills Resort by TwentyTwo Real Estate is significant as it strengthens the company's position in the European leisure and hospitality market. By acquiring a resort with a strong operational partner like Center Parcs, TwentyTwo Real Estate enhances its portfolio with a high-quality, experience-led asset. This move aligns with the company's strategy to build sustainable long-term value and invest in properties that offer unique experiences. The acquisition also highlights the growing trend of transforming former industrial sites into leisure destinations, contributing to regional economic development and tourism.
