Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
May 2026 — Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Once a mining and gravel extraction site, Terhills has been repurposed and redeveloped by LRM into a leisure ecosystem with a luxurious resort operated by Center Parcs. Based in Limburg province, it also serves as a gateway to the Hoge Kempen National Park and offers a wide range of amenities, including a hotel, wellness center and shops. Thanks to the strategic presence of these on-site partners, Terhills attracts numerous international visitors each year. Since opening in May 2021, the park has welcomed more than 400,000 guests, accounting for 1.5 million overnight stays.
TwentyTwo Real Estate manages US$6.1 billion in assets across Europe. Founded in 2012, it combines deep financial expertise with operational excellence to deliver value-creating investment solutions and asset management services to institutional and private clients, with a focus on sustainable impact.
Our role in the transaction
Oaklins’ team in Belgium acted as the exclusive sell-side advisor to the shareholder of Terhills. The deal highlights Oaklins’ in-depth expertise in supporting transactions in the consumer and retail sector, and its international presence that is key to successfully identifying and working with a wide range of potential acquirors.
Talk to the deal team
Tom Van de Meirssche
Oaklins KBC Securities
Amelie Arrazola de Oñate
Oaklins KBC Securities
Related deals
OEP Danzig BidCo has completed a mandatory tender offer for the shares of Digital Value
OEP Danzig BidCo S.p.A. has completed a mandatory tender offer for the shares of Digital Value S.p.A.
Learn moreBolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.
Learn moreUKAT Group has acquired Bayberry Limited
UK Addiction Treatment (UKAT) Group, a leading UK provider of residential addiction, mental health and behavioral health treatment backed by Sullivan Street Partners, has acquired Bayberry Limited, a specialist mental health and wellbeing treatment provider. Joining UKAT enables Bayberry to preserve continuity of care for patients and referral partners, retain the strength of its clinical team and benefit from UKAT’s operational infrastructure, referral network and marketing channels. This partnership supports Bayberry’s next stage of development while preserving the qualities that differentiate its service offering.
Learn more