Burges Salmon's corporate team has advised Virgin Active on the sale of 16 UK clubs to David Lloyd Leisure.
The cross-firm team, managed by Chris Godfrey, was led by lawyers from Burges Salmon’s corporate team and involved support from the firm’s real estate, commercial, tax and employment teams.
This transaction represents the final significant step in Virgin Active’s UK strategy to focus its operations on metropolitan and commuter hubs in its key markets. Virgin Active continues to invest in innovation, leading the evolution of the industry in the UK and its markets around the world. Virgin Active also continues to invest in its UK club portfolio, in both existing and new sites.
Completion of this deal is forecasted to occur in the second quarter of 2017.
This latest transaction follows the announcement in June 2016 of Burges Salmon advising Virgin Active on the sale of 35 gyms and health clubs to Nuffield Health.