Parques Reunidos and SUN Group sign an agreement to manage two leisure parks in Vietnam

  • Groundbreaking step on expansion of the leisure firm in the Asian market.

Madrid, 27 July 2016.- Parques Reunidos has signed a strategic agreement for 10 years with the investment group Sun Group to manage two theme parks in Vietnam including the advice and management services of the new leisure, “Ha Long Ocean Park”.

“Ha Long Ocean Park” is comprised by two parks: a theme park and a water park, which are located in Ha Long City, Quang Ninh province, Vietnam.

The two parks are expected to open during the first half of 2017. Both facilities will cover an area of more than 23,000,000 sq ft.

Fernando Eiroa, Parques Reunidos’ CEO, said “we are excited with this agreement with Sun Group to manage the two new leisure parks. We look forward this unique opportunity to enter the Asian market, a region that has a strong potential for growth in the amusement parks industry. Asian market adds diversification to Parques Reunidos portfolio and strengthens the Company’s growth strategy. We are confident that the alliance with Sun Group may bring further growth through strategic alliances with key partners in other global markets”.
About Parques Reunidos

Parques Reunidos is one of the leading, leisure park operators in the world. The Group portfolio is made up of 55 operations (attraction parks, animal parks, water parks, family entertainment centres and other attractions). The Group has continued its expansion in recent years and is currently present in 12 countries in the Americas and Europe, and receives a total of approximately 20 million visitors* per year. For more information about Parques Reunidos please visit www.parquesreunidos.com*Information as of financial year ended 30 September 2015

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About Sun Group

Established in 2007, Sun Group operates in the field of hospitality, real estate development and construction.The group develops many international standardized projects from the north to the south of Viet Nam.Sun Group is becoming one of the leading investors in Vietnam.

Contacts:

Eurocofin (Parques Reunidos’ Communications and PR agency)
Lola Fernández
Tel. (+34) 91 308 36 57
lfernandez@eurocofin.com

Parques Reunidos’ external Communications:
Jennifer López
Tel.: (+34) 91 526 97 00
parquesreunidos.comu@grpr.com