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Last Updated: Friday, 20 August, 2004, 10:52 GMT 11:52 UK
Center Parcs to spend £40m in UK
Center Parcs
The resort firm runs four centres in the UK
Holiday company Center Parcs is to spend £40m upgrading four UK holiday villages safeguarding jobs for about 4,000 full and part-time staff.

Expenditure will go on new accommodation, converting standard villas to executive suites, and upgrading pools and restaurants.

In addition, Center Parcs will put up £12m for projects yet to be finalised.

The sites are at: Longleat, Wilts; Oasis Whinfell, Lake District; Sherwood, Notts and Elveden, Suffolk.

Center Parcs sold its four UK sites in November 2002 in a sale-and-leaseback arrangement with Sun Capital.

Chief executive Martin Dalby said: "We now have in place the funding for core business expansion over the next three years on investments."


SEE ALSO:
Center Parcs to be sold
30 Nov 03  |  Nottinghamshire
Holiday park firm sold for £285m
04 Dec 03  |  Business


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