Clearwater International has advised Homair Vacances on the sale & leaseback of a portfolio relative to six of its own campsites. To ensure a long-term operational control over these sites, a long-term leasing agreement has been signed in parallel.
This innovative transaction yields gross proceeds of over €19m for the Group and there are still ongoing negotiations with the same buyer for a seventh site.
This operation provides a cash reserve to fund future growth and will enable the Group to reduce it’s financial debt level.
The Clearwater International team was led by Laurent Camilli