THE Canadian property giant behind the takeover of Canary Wharf has won the race to buy Center Parcs including the Whinfell site near Penrith.

Brookfield Property Partners announced it had signed a deal to buy the company from US private equity firm Blackstone.

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As well as Whinfell Forest, Center Parcs operates Sherwood Forest, Nottinghamshire; Elveden Forest, Suffolk; Longleat Forest, Wiltshire and Woburn Forest, Bedfordshire.