“More than £5bn worth of transactions have been completed in the past three years,” says Matt Hopwood, director, specialist markets, at CBRE. “Single asset and portfolio sales have been frequent and buyers have been both domestic and foreign.”

There were two major acquisitions in 2017. In December, Phoenix Equity Partners bought a controlling stake in Forest Holidays from LDC for £110m and in February, Midlothian Capital Partners acquired luxury holiday park operator Park Leisure for £103m. Transaction volumes in 2017 were significantly down on the previous two years but these were skewed by huge deals particularly the sale of Center Parcs for £2.45bn in 2015.