In Brief: TwentyTwo Real Estate has agreed to acquire Terhills Resort in Belgium from LRM, with the transaction expected to close on 29 May 2026.
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TwentyTwo Real Estate
TwentyTwo Real Estate has agreed to acquire Terhills Resort in Belgium from LRM, with the transaction expected to close on 29 May 2026. The 63-hectare resort, operated by Center Parcs, features 250 waterfront cottages and central leisure facilities at the gateway to Hoge Kempen National Park in Limburg, Flanders.
Center Parcs will continue to operate Terhills Resort for at least the next 10 years, ensuring continuity for guests and supporting the resort’s long-term positioning as a leading leisure destination in the region. Opened in 2021, Terhills Resort is part of a broader transformation of the surrounding area, developed on a remediated former industrial site over three decades.
The acquisition will expand TwentyTwo Real Estate’s pan-European presence in leisure and destination hospitality and further strengthen its partnership with Center Parcs, following the acquisition of Center Parcs Allgäu in Germany in October 2023. The resort features timber-frame construction, solar infrastructure, and biodiversity enhancements across the estate.
The transaction aligns with TwentyTwo Real Estate’s strategy of building sustainable long-term value and investing in high-quality, experience-led assets supported by leading hospitality operators. LRM has played a central role in the long-term development and positioning of Terhills Resort. No financial terms of the transaction were disclosed.
