Canada’s Brookfield Asset Management is looking to sell a stake in its Center Parcs resorts in the U.K., according to Britain’s Sky News.

Sky reported Friday that BAM subsidiary Brookfield Properties has opened discussions about a transaction with investors in its own funds, citing unidentified sources. The talks are believed to be in the preliminary stages.

Brookfield offered a stake after attempts to auction all of the properties “stuttered” as the company hoped to fetch £5bn. According to Sky, previous bidders included Luxembourg’s CVC Capital Partners, U.S.-based real estate investor KSL Capital Partners and Singapore’s sovereign wealth fund GIC.

The effort to sell the Center Parcs stake is coinciding with Brookfield’s attempt to divest its Atlantis Paradise Island resort in the Bahamas for a reported US$2.5 billion.

Brookfield is working with an advisor to attract potential buyer interest and could fetch that amount, Reuters and Bloomberg reported while citing unidentified sources.