The Euro Disney S.C.A. & Pierre & Vacances-Center Parcs Groups Have Agreed to Transfer the Commercial & Operational Managemen...
October 21 2016 - 2:30AM
Business Wire
Regulatory News:
Villages Nature is a project jointly designed and constructed
by the Euro Disney S.C.A. (“Euro Disney”) and Pierre &
Vacances-Center Parcs groups (Paris:VAC). Their objective is to
make Villages Nature a major European ecotourism destination. The
two partners have agreed to transfer the commercial and operational
management of Villages Nature, by mandate, to a subsidiary of
Pierre & Vacances-Center Parcs.
Euro Disney and Pierre & Vacances-Center Parcs have
complementary expertise, which have served as the foundation of
their joint-venture partnership since its beginning. The governance
of this partnership remains unchanged.
Euro Disney provides Villages Nature with its creativity, its
art of storytelling, and its unrivaled expertise in theme park and
hotel development as well as its knowledge of European tourism
markets in terms of quality of the experience and stay.
Pierre & Vacances-Center Parcs is the leader in the European
holiday market, and the inventor of residence tourism. The Group is
a specialist in real estate design, development, and sale, as well
as in tourism commercialization, and the management of this type of
destination. It will bring its expertise in these areas and its
knowledge of distribution networks for the Center Parcs brand to
Villages Nature.
The first construction phase of the Villages Nature project
includes 916 cottages and apartments with a capacity of 4,500
holiday-goers, and will be completed and operational in summer
2017.
To achieve greater operational efficiency and wider
distribution, the tourism management of Villages Nature will be
transferred to a subsidiary of Pierre & Vacances under the
framework of a mandate granted by the operating company of Villages
Nature.
"Villages Nature is an exciting and innovative project at the
heart of eco-tourism. We are working closely with our partners,
Pierre & Vacances-Center Parcs, each of us contributing our
respective expertise in tourism and development, to harness the
growing importance of sustainable tourism and make Villages Nature
the top eco-tourism destination in the region” said Catherine
Powell, Présidente of Euro Disney S.A.S.
“We are more confident than ever before that Villages Nature
will attract enormous interest from across Europe, thanks to its
location, its innovative concept, and the formidable expertise of
its two shareholders. The Pierre & Vacances-Center Parcs teams
are enthusiastic and ready to lead the commercial and operational
management of Villages Nature,” said Gérard Brémond, Chairman and
Chief Executive Officer of the Pierre & Vacances-Center Parcs
Group.
About Villages Nature
A joint subsidiary created on equal terms by Euro Disney S.C.A.
and the Pierre & Vacances-Center Parcs Group, the Company is
the project owner for the design, development, construction and
operational planning for “Villages Nature”. The estimated
investment for phase 1A amounts to €500 million. It will be a
unique European destination for short and longer breaks, founded on
the quest for harmony between man and nature and constituting a
major innovation in terms of sustainable family tourism. This new
destination for Île-de-France will give its guests the chance to
discover Paris and Disneyland® Paris, as well as the wealth of
other sites in Île-de-France. The objective is to bring together
discovery of this region and a whole world of unique experiences,
at the heart of a nature both preserved and enhanced by man.
Developed over 120 hectares at its opening, Villages Nature will
offer several areas for discovery, recreation, and relaxation,
including its Aqualagoon, Lakeside Promenade, Extraordinary
Gardens, BelleVie Farm, and the Enchanted Forest.
About the Euro Disney S.C.A. group
The group operates Disneyland Paris which includes Disneyland®
Park, Walt Disney Studios® Park and seven themed hotels with a
joint capacity of 5,800 rooms (not including the 2,700 on-site
hotel rooms operated by third-party partners). The group also
operates two convention centres, the Disney® Village entertainment
complex and a 27-hole golf course. Activities of the Group also
include developing the 2,230-hectare site, approximately 50% of
which is yet to be developed. Shares in Euro Disney S.C.A. are
listed and traded on Euronext Paris.
For more information, please visit:
http://corporate.disneylandparis.com
Find out more: http://disneylandparis-news.com
www.facebook.com/disneylandpariswww.youtube.com/disneylandparishttp://twitter.com/EuroDisney
About the Pierre & Vacances-Center Parcs Group
The Pierre & Vacances-Center Parcs Group is the European
leader in local tourism.
Created in 1967, the Group develops innovative leisure and
holiday concepts in respect of the environment in order to offer
its clients the most attractive seaside, mountain, countryside and
city-centre destinations.
With its complementary tourism brands– Pierre & Vacances,
Pierre & Vacances premium, Center Parcs, Sunparks, Aparthotels
Adagio and Maeva – the Group welcomes 7.5 millions customers and
operates a tourism network of approximately 50,000 homes and
apartments located in 300 sites in Europe.
The Group’s holding company – Pierre et Vacances SA – trades at
the Paris stock exchange on Euronext Paris.
Find out more:
www.groupepvcp.comhttps://twitter.com/GroupePVCP
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version on businesswire.com: http://www.businesswire.com/news/home/20161020006363/en/
PressLorraine Lenoir, +331 64 74 59 50Fax: +331
64 74 59
69lorraine.lenoir@disney.comorInvestor
Relations and Strategic OperationsEmeline Lauté, +33 (0) 1
58 21 54 76info.fin@groupepvcp.comorInvestor
RelationsYoann Nguyen, +331 64 74 58 55Fax: +331 64
74 56 36yoann.nguyen@disney.comorPress
RelationsValérie Lauthier, +33 (0) 1 58 21 54
61valerie.lauthier@groupepvcp.com
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