Sale of Island View Holidays

Bluebird is pleased to announce the sale of Island View Holidays to Angelo Gordon backed Aria Resorts for £11m.

Tom Pritchard, Director, CBRE Specialist Markets said: “This deal showcases Bluebird’s ability to find value in alternative assets. The deal was highly competitive with a range of bidders, demonstrating the high level of investor interest in the U.K. operational real estate market and confidence in the future prospects of the leisure sector in a post-Brexit era.”

James Elton, Managing Partner, Bluebird Partners comments: “CBRE have been a long-term property and transactional advisor to Bluebird across the specialist sectors. CBRE understood our business and the real estate opportunities from day one. They demonstrated access to a wide range of buyers, including established investors and operators along with new market participants, resulting in an exceptional result for Bluebird in exiting this business. This is the fourth successful disposal in the last three years delivering exceptional IRRs.

CBRE advised Bluebird Partners on all transactional matters, successfully concluding a sale in Q2 2017.