British Land is in advanced talks to buy a portfolio of Virgin Active health and racquet clubs from Société Générale for around £175m.
British Land is looking to buy the 17 long leaseholds and freeholds for clubs including Brighton, Cardiff and Oxfordshire.
The former Esporta gyms were put up for sale by Société Générale last year in a £200m sale-and-leaseback. Virgin Active acquired the operating company, which included 55 sites, in April for £77.6m.
Savills is acting for British Land. All parties declined to comment.
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