The owner of London’s Canary Wharf has emerged as one of the potential suitors for the David Lloyd health club chain, which is expected to sell for more than £1bn.
Canadian investment house Brookfield is said to be vying with several other bidders for the chain, founded in 1982 by the former Davis Cup tennis player.
The chain’s private equity owner, TDR Capital, appointed NM Rothschild last year to find a buyer for the business, which City sources say could change hands for between £1bn and £1.3bn.
