The UK holiday village chain Center Parcs has been put up for sale by its owner.

Canadian private equity firm Brookfield is looking to make up to £5billion from the sale, according to the Financial Times.

There are six Center Parcs villages in the UK and Ireland, including one in Elveden which has been open since 1989.

The Suffolk holiday village near Thetford offers a range of activities such as a watersports lake, a zip wire and 400 acres of forest.

READ MORE: Before the blaze: Elveden Forest Center Parcs in its early years

The Financial Times reported that investment bankers were looking into potential buyers, including other private equity firms, for Brookfield.

At the end of last year, Center Parcs said occupancy rates were at 97.3pc and broadly in line with pre-Covid levels.

Center Parcs UK is separate from Center Parcs Europe which has holiday villages in Belgium, the Netherlands, Germany and France.

The European business is still owned by Blackstone Group which sold the UK part of the firm to Brookfield in 2015 for £2.4billion.

Center Parcs has not commented on the reports.