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Sun sells UK Park Holidays portfolio for £768 million

Pinewood Studios owner Aermont reaches agreement
The Felixstowe Beach holiday park. (CoStar)
The Felixstowe Beach holiday park. (CoStar)

Sun Communities, the real estate investment trust focused on manufactured housing and recreational vehicle communities, has agreed to sell its UK assets, including the Park Holidays business, to funds affiliated with Aermont Capital in an all-cash transaction with an enterprise value of £768 million ($1.03 billion).

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