Long Harbour, a London-based real estate and asset-backed investment manager, has completed the structuring and acquisition of commercial ground leases for the central guest facilities of two holiday parks in The Netherlands on behalf of the firm’s flagship European vehicle, the €400 million ($472 million) Long Harbour European Secured Income Fund I (LHESIF I).
The two commercial freeholds are the first holiday parks in The Netherlands to be bifurcated into a freehold and leasehold utilizing a ground-lease structure. Long Harbour has now deployed €100 million ($118 million) into the European ground-lease market in just over a year, in Germany, Ireland and the Netherlands. The LHESIF I, which is open to new investors, has a strong pipeline of further deals across Europe.
Acquired from European holiday park operator Landal GreenParks, the two holiday parks offer more than 1,000 holiday homes in total and high-quality central guest facilities. While Long Harbour wil
