TwentyTwo Real Estate to Acquire Terhills Resort in Belgium

Independent European real estate investment and asset management firm TwentyTwo Real Estate has finalised a definitive agreement to acquire the premium Terhills Resort in Belgium from investment company LRM. Scheduled to formally close on May 29, 2026, the high-profile transaction marks a significant scaling of the firm’s experience-led leisure and destination hospitality portfolio. Spanning across a massive 63-hectare environmental footprint, the premium holiday park features 250 high-spec waterfront cottages alongside extensive central entertainment and leisure facilities, strengthening the group's pan-European footprint.

Long-Term Commitment to Operator Continuity

To ensure absolute management stability and protect consumer service standards, global hospitality specialist Centre Parcs will continue as the exclusive operator of the resort under a strict 10-year lease agreement. Founded in 1967 and currently welcoming 4.4 million annual guests across 30 European locations, Centre Parcs’ decade-long operational commitment ensures seamless asset transition. The partnership aims to solidify the resort's position as a premier leisure landmark within Limburg, a distinctive and high-yielding tourism node in Belgium’s Flanders region.

A Core Model for Industrial Regional Regeneration

Originally opened to the public in 2021, Terhills Resort is an emblematic example of long-term urban planning and environmental reclamation. The luxury vacation asset was engineered on the remediated grounds of a former industrial site, transforming a legacy liability into a highly productive commercial real estate asset class. Positioned at the natural gateway to the Hoge Kempen National Park, the project reflects three decades of local state vision and infrastructure investment by LRM, demonstrating how institutional capital can restore regional biodiversity while capturing resilient consumer travel demand.

Financing and Sustainable Timber-Frame Infrastructure

The underwriting parameters of the acquisition align directly with TwentyTwo Real Estate’s strict environmental, social, and governance (ESG) deployment mandates. The resort’s built environment features premium, low-carbon timber-frame structural construction, fully integrated solar power micro-grids, and decentralised water-management infrastructure. By acquiring high-grade properties that operate with reduced carbon footprints, the asset manager protects institutional stakeholders from future climate-compliance penalties while commanding a pricing premium in the resilient European vacation rental market.

Future Outlook for the European Leisure Frontier

Daniel Rigny, Founder and CEO of TwentyTwo Real Estate, which currently manages an impressive €5.2 billion in assets under management (AUM) across Europe, noted that Terhills Resort perfectly combines strong hospitality underwriting with a distinct heritage. The acquisition follows the firm's successful October 2023 takeover of Centre Parcs Allgäu in Germany, establishing a clear pattern of consolidation. As international capital markets look for stable, yield-generating alternatives to traditional metropolitan office properties, experience-driven leisure estates backed by deep domestic liquidity and proven operators are fast becoming the ultimate defensive anchors for diversified real estate portfolios.

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