Following the financial downfall of RoyaleLife Group earlier this year, administrators are now actively looking for potential buyers for a portfolio of 29 residential caravan parks and related properties. Owned by billionaire Robert Bull, RoyaleLife faced administrative challenges this summer.

Paul Davies, Sandra Mundy, and Tom Russell, from James Cowper Kreston, have taken on the roles of administrators for numerous companies linked to RoyaleLife. They have enlisted the expertise of Christie & Co, a specialist in retail and leisure property, to oversee the sale of the properties.

The properties, available for sale either as a single collection, in subgroups or individually, are spread across the UK. Notable locations include four sites in the North West, two in the Midlands, four in the South West, and three in the South East, with a majority situated in Hampshire and Dorset.

Steve Rodell, Christie & Co’s Managing Director of Retail & Leisure, expressed his enthusiasm about the sale, stating it presents a unique opportunity to invest in both partially and fully developed residential caravan parks, as well as a development site and head office. He highlighted Christie & Co’s proficiency in maximizing exposure to varied buyer groups to ensure optimal returns, aligning with the administrators’ objectives to secure the best outcomes for creditors and stakeholders.

Moreover, Rodell indicated that several parties have already shown interest. All interested groups will be contacted as the properties are readied for the market.

In a twist earlier this year, Robert Bull dismissed winding-up petitions as based on unfounded allegations. Nonetheless, in July, a High Court ruling denied the request to dismiss a winding-up petition against Time GB Group, a firm solely owned by Bull.