After a discreet marketing campaign, Savills sold the Sloane Club, London to a joint venture between JK Chelsea Holdings, an affiliate of Queensway, and a fund managed by real estate fund management business Clearbell for £83m
The joint venture, ‘Sloane Investment’, intends to retain the existing management of the Sloane Club and to invest significant capital into the club, including supporting the management’s plans to enhance the food and beverage offering and enhance the ground floor areas.
The Sloane Club is a private members’ club with around 3,700 members with facilities including lounges, casual and formal dining, a bar, meeting rooms, a spa and more than 130 bedrooms. The club was acquired by Caledonia in 1991, and has been run for most of this period by managing director Tony Murkett, who will remain with the club following the sale.
