Posted Thursday 29th April 2021
Joelson has advised Stoke Park, Britain’s iconic country club with a prestigious golf resort based in Buckinghamshire, on its sale for £57 million to Reliance Industries Ltd, which is owned by businessman, Mukesh Ambani.
Stoke Park has featured in media productions including two James Bond films, “Bridget Jones’s Diary” and Netflix production, “The Crown”.
The sale will include all 49 bedrooms, the 27-hole championship golf course, 13 tennis courts and 14 acres of gardens. This will be added to Reliance’s UK based acquisition portfolio, having bought Hamleys in 2019, the children’s toy store.
This deal is one of many anticipated real estate investments in the UK for Indian businesses.
Joelson’s Corporate team was led by Chairman Sheldon Cordell, Partner, Phil Hails-Smith and Partner, David Grossbard and supported by Solicitor, Harriet McDonald and Trainee Solicitor, Yana Ahlden. Joelson’s Property team was led by Partner, David Hershkorn and supported by Senior Associate, Jude Salmon and Associate, Tharek Choudhury.
Chester King, Managing Director of Stoke Park, said:
“Joelson steered us carefully through this sale, always taking the time to communicate clearly with us and outlining the options and decisions we needed to make, every step of the way. The successful outcome is not only testament to the long-term relationship we have with them but their extensive experience and enthusiastic approach. Thank you for all the hard work from Sheldon and the whole team at Joelson.”
Sheldon Cordell, Chairman at Joelson, added:
“We have had the pleasure of acting for the King family for over 40 years and very recently on this fantastic deal. I am delighted that we have advised them on this sale and to know that the buyer will pick up the reins on this stunning asset and take it to the next phase. This deal truly demonstrates Joelson’s sector expertise and ongoing commitment to the hotel and leisure sector.”
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
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