In 2001, Scottish and Newcastle sold the Center Parcs UK to venture capitalists Mid Ocean. In December 2003 they sold the UK resorts to Arbor for £285 million. After it was put on the London Stock Exchange in May 2006, Center Parcs UK Group PLC was sold to Blackstone Group. It was changed into a private company. The chief executive Martin Dalby said that the company might make a fifth village. In 2004 it the company said it would be built near Woburn in Bedfordshire. They were not allowed to build it, but later they were allowed to.