Queensway and Clearbell Capital have purchased private members club the Sloane Club from Caledonia Investments for £80.6m.
Queensway will oversee the management and development of the club, at 52 Lower Sloane Street in Chelsea, SW1.
The club has around 3,700 members and provides lounges, casual and formal dining, a bar, meeting rooms, a spa and more than 130 bedrooms across 75,000 sq ft in prime central London.
The joint venture intends to retain the club’s existing management and undertake significant capital expenditure to enhance the food and beverage offering and the ground floor areas.
Rob Mills, partner of Clearbell Capital, said: “The history of The Sloane Club and its potential set it out as an investment opportunity. We are conscious of our responsibilities as custodians of this historic London club and we will be supporting the plans to enhance the offer for members.”
To send feedback, e-mail david.hatcher@egi.co.uk or tweet @hatcherdavid or @estatesgazette
