Money

Erigmore Estate holiday park bought by operator targeting staycation market


Private equity-backed Verdant Leisure has bought its 10th holiday park with the acquisition of Erigmore Estate at Birnam in Perthshire.

The venue near Dunked and just off the A9 caters for caravan, lodge, apartment and Cottage holidays, and has leisure facilities including an indoor swimming pool, spa and bar.

The swimming pool at Erigmore Estate

Verdant Leisure chief executive Graham Hodgson said: “This acquisition is a perfect choice for the Verdant Group in terms of the geographical location and the excellent quality of the park. Scotland is an area we know well, and this will be our seventh park north of the border. Erigmore Leisure Park will bring a further 200 pitches to the group and we have further investment planned over the next 24 months.”

Verdant Leisure was founded in September 2010 by a management buy-in of Dunham Leisure Limited, owners of Pease Bay and Thurston Manor Leisure Parks in East Lothian. It added Viewfield Manor Leisure Park in Ayrshire in July 2011 and Riverside Leisure Park in Northumberland in 2012.

After investment from Palatine Private Equity in April 2016, Verdant bought Kingfisher and Heather View Leisure parks in Wear Valley, and Coldingham Bay in Eyemouth. Scoutscroft Leisure Park, also near Eyemouth, was purchased in February 2018 followed by Queensberry Bay in Dumfriesshire in October 2018.

James Painter, Investment Director at Palatine Private Equity, said: “Buy and build is a key part of Verdant’s growth strategy with Erigmore representing the sixth acquisition since our initial investment.

Erigmore House on estate in Perthshire

“We continue to see strong demand from British holidaymakers’ for UK ‘staycations’ and are delighted to support the management team in expanding the portfolio of Verdant Leisure holiday parks.”

Verdant Leisure was advised on the Erigmore deal by Gateley Legal PLC and Burness Paull



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