The new owner of Argyll Holidays has become the UK’s fifth largest caravan park operator after acquiring the Elms in Lincoln.
Cove UK purchased the Lincoln site from an international operator for an undisclosed sum.
The Elms was transformed over five decades into an award-winning residential site for the over 50s by John Kinch and his son, Stuart.
The 339 home site is spread across 65 acres of Lincolnshire countryside.
In total, Cove has purchased more than £350m worth of property in the UK over the last two years, which includes Argyll Holidays in February and Medmerry Park in August last year.
The company is believed to have spent around £100m for the acquisition of Argyll Holiday from the Campbell family, which was established in 1967.
Cove UK has pledged to source at least 20% of produce locally, build local partnerships and actively engage in community initiatives.
Stuart Kinch, owner of The Elms, said: “The Elms has been in the Kinch family for 50 years, so who we entrusted to sell the park to was very important. We had a lot of interest, but in the end we decided to sell to Cove Communities because of their outstanding reputation in the industry and the family friendly approach we received from their team.
“We are incredibly proud of our family’s achievements. We are sad to end our time with The Elms Retirement Village, which is a truly outstanding development; we are assured that Cove will continue on with our good work.”
Mark Seaton, Cove UK managing director, said: “Since entering the UK market we have grown to become the fifth largest resort operator, but we have ambition to grow even further in the coming months and years.
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