Financing of the first stage of Villages Nature finalised.

Euro Disney S.C.A. has announced that financing of the Euro Disney and Pierre & Vacances-Center Parcs joint project Villages Nature was finalised on 25th May.   The signing of the agreement means that construction can now begin on the initial stage of the development, which is targeted to open to the public in 2016.
Conceived by Euro Disney S.C.A. and Pierre & Vacances-Center Parcs, Villages Nature is a new, innovative European eco-tourism destination designed for short and medium-length stays. Villages Nature will be located 32 km (20 miles) east of Paris in Seine-et-Marne and close to the Disneyland Paris resort in Marne-la-Vallée, Val d’Europe.
Villages Nature’s development takes its inspiration from the model that has been the cornerstone of Pierre & Vacances-Center Parcs Group’s success for the past 45 years. The model is based on the sale of recreational facilities and accommodation units to institutional and individual investors. The properties are then leased to a subsidiary of the Villages Nature company, responsible for their operation and management.
For this initial stage of construction, the investments related to Villages Nature’s recreational facilities are made by a group of institutional investors. The accommodation units, a combination of cottages and apartments, are mainly sold in bulk to a real estate company to be subsequently sold to individual investors. Some 200 units have already been marketed to individuals by the sales agent Pierre & Vacances Conseil Immobilier, a subsidiary of Pierre & Vacances-Center Parcs Group.
The initial stage of Phase 1 of Villages Nature will involve the construction of 916 cottages and apartments classified as tourist residences as well as recreational facilities such as the Aqualagoon, a large 11,500 m² (124,000 ft²) water complex – one of the biggest indoor water parks in Europe – with an attached outdoor lagoon where guests can swim in water heated to more than 30°C (86°F) using geothermal power.