Operational management of Villages Nature transferred to Pierre & Vacances-Center Parcs.

Villages Nature In a press release issued on  21 October 2016,  Euro Disney S.C.A. and Pierre & Vacances-Center Parcs announced they have agreed to transfer the commercial and operational management of Villages Nature to Pierre & Vacances-Center Parcs.

Villages Nature is a joint subsidiary created on equal terms by Euro Disney S.C.A. and the Pierre & Vacances-Center  Parcs Group, the Company is the project owner for the design, development, construction and operational planning for “Villages Nature”.

The estimated investment for phase 1A amounts to €500  million. It will be a unique European destination for short and longer breaks, founded on the quest for  harmony between man and nature and constituting a major innovation in terms of sustainable family  tourism.

This new destination for Île-de-France will give its guests the chance to discover Paris and  Disneyland® Paris, as well as the wealth of other sites in Île-de-France. The objective is to bring  together discovery of this region and a whole world of unique experiences, at the heart of a nature  both preserved and enhanced by man.

Developed over 120 hectares at its opening, Villages Nature  will offer several areas for discovery, recreation, and relaxation, including its Aqualagoon, Lakeside  Promenade, Extraordinary Gardens, BelleVie Farm, and the Enchanted Forest.

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The two partners have agreed to transfer the commercial and operational management of  Villages Nature, by mandate, to a subsidiary of Pierre & Vacances-Center Parcs.  Euro Disney and Pierre & Vacances-Center Parcs have complementary expertise, which have served  as the foundation of their joint-venture partnership since its beginning. The governance of this  partnership remains unchanged.

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Euro Disney provides Villages Nature with its creativity, its art of storytelling, and its unrivalled  expertise in theme park and hotel development as well as its knowledge of European tourism markets  in terms of quality of the experience and stay.

Pierre & Vacances-Center Parcs is the leader in the European holiday market, and the inventor of  residence tourism. The Group is a specialist in real estate design, development, and sale, as well as in  tourism commercialization, and the management of this type of destination. It will bring its expertise in  these areas and its knowledge of distribution networks for the Center Parcs brand to Villages Nature.

 The first construction phase of the Villages Nature project includes 916 cottages and apartments with  a capacity of 4,500 holiday-goers, and will be completed and operational in the summer 2017.

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To achieve greater operational efficiency and wider distribution, the tourism management of Villages  Nature will be transferred to a subsidiary of Pierre & Vacances under the framework of a mandate  granted by the operating company of Villages Nature.

 “Villages Nature is an exciting and innovative project at the heart of eco-tourism. We are working  closely with our partners, Pierre & Vacances-Center Parcs, each of us contributing our respective  expertise in tourism and development, to harness the growing importance of sustainable tourism and  make Villages Nature the top eco-tourism destination in the region” said Catherine Powell, Présidente  of Euro Disney S.A.S.

“We are more confident than ever before that Villages Nature will attract enormous interest from  across Europe, thanks to its location, its innovative concept, and the formidable expertise of its two  shareholders. The Pierre & Vacances-Center Parcs teams are enthusiastic and ready to lead the commercial and operational management of Villages Nature,” said Gérard Brémond, Chairman and  Chief Executive Officer of the Pierre & Vacances-Center Parcs Group

Prices for apartments and cottages start from €250,000.  More information about investment opportunities at Villages Nature can be found here.

The Pierre & Vacances-Center Parcs Group is the European leader in local tourism, created in 1967, the Group develops innovative leisure and holiday concepts in respect of the environment in order to offer its clients the most attractive seaside, mountain, countryside and city centre destinations.

With its complementary tourism brands – Pierre & Vacances, Pierre & Vacances premium, Center  Parcs, Sunparks, Aparthotels Adagio and Maeva – the Group welcomes 7.5 million customers and  operates a tourism network of approximately 50,000 homes and apartments located in 300 sites in  Europe.

The Group’s holding company – Pierre et Vacances SA – trades at the Paris stock exchange on  Euronext Paris.

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