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Clare Hudson
Clare Hudson
  • 1 Minute Read
  • 15th July 2011

British Land buy Virgin Active Health Clubs

Property development company, British Land plans to buy 17 Virgin Active Health Clubs off French bank Societe Generale.

A spokesperson from Societe Generale said in the Telegraph, “Clearly health clubs is not in our core business; it is something we had in our portfolio in the past and since the beginning we did not want to maintain this activity.”

Chris Grigg, Chief Executive of British Land said, “While we remain focused on our core retail and Central London office markets, this acquisition demonstrates British Land’s ability to work with banks to unlock opportunities to create incremental value.”

Source: British Land snaps up 17 Virgin Active clubs