Fladgate LLP has advised New Esporta Holdings (Esporta) on the property aspects of the sale of a portfolio of freehold and leasehold racquet clubs for £179 million.
The 17 clubs are being acquired by British Land and will be let on 25 year leases to Virgin Active pending its acquisition of Esporta’s operational business.
Fladgate advised Esporta earlier this year on the property aspects of the disposal of Esporta’s operational business to Virgin Active. The sale has now been approved by the Office of Fair Trading. Fladgate previously advised on Esporta’s disposals to Virgin Active in 2004 and 2005.
Fladgate real estate partner Mark Saunders led the property team which included partners James Fry and Matthew Williams.
We operate in small teams in which partners not only take the lead but also do a significant amount of the detailed work. Clients can be assured that the partners they engage and brief will remain closely involved in developing and delivering the advice as part of our close-knit, expert teams.
Fladgate has a long heritage of delivering high-quality legal advice. We have been providing practical legal solutions to businesses and private clients for over 250 years. Today we are one of the UK’s top 100 law firms, with over 80 partners and a reputation for providing solutions that work.
T: +44 (0)20 3036 7000
F: +44 (0)20 3036 7600
DX: 37971 Kingsway
The legal content provided by Fladgate LLP is for information purposes only and should not be relied on in any specific case without legal or other professional advice.
Copyright is owned by Fladgate LLP and all rights in such copyright are reserved. Material is not to be reproduced in whole or in part without prior written consent.
Fladgate LLP is a limited liability partnership, registered in England and Wales with registered number OC334334. It is authorised and regulated by the Solicitors Regulation Authority, number 484783. The term partner is used to refer to a member of Fladgate LLP. A list of members is available at the registered office shown above.