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Tropical Islands SARL announces sale of Tropical Islands to Parques Reunidos Group

Parques Reunidos Group

Tropical Islands SARL, the owner of Tropical Islands and part of Tanjong PLC, today announces that it has reached an agreement with the Madrid listed Parques Reunidos Group for it to acquire 100% ownership of the resort. The transaction, which is subject to antitrust approval, is expected to complete by February 2019.

Tropical Islands (www.tropical-islands.de) is a leading European leisure destination, located near Berlin, which attracts 1.2m guests annually. Tropical Islands, already widely acclaimed for its unique tropical dome and Amazonia water park, recently announced significant expansion plans following receipt of building permits to increase both accommodation and leisure activities within its 630 hectare site. 

Gerard Nathan, Chairman of the Supervisory Board of Tropical Islands, said: “On behalf of our Shareholders and the Supervisory Board, I would like to extend my thanks to all Tropical Islands staff for their personal contribution to the success of our business over the course of our 14-year journey and to wish them well for their future”. 

Parques Reunidos (www.parquesreunidos.com) is a world leading leisure park operator with a portfolio of over 60 parks in Europe, the Middle East, Americas and Australia. Operations, which attract c 20 million visitors per year, include amusement parks, aquatic parks and family entertainment centres. Richard Golding, Chairman of Parques Reunidos Group, said “We are delighted to have reached this agreement with Tanjong PLC, who developed this unique park and built its strong brand equity. Parques Reunidos will build on Tropical Islands success thanks to the accumulated expertise of managing over 60 assets in 14 countries and taking advantage of the investment opportunities that the available land offers. We look forward to working with Tropical Islands team and collaborating with the local administration in every possible way.”

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