RIL buys UK's iconic Stoke Park country club for Rs 592 crore
- EP News Service
- Apr 23, 2021
NEW DELHI: Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL) led by Mukesh Ambani has acquired United Kingdom-based luxury golf resort, Stoke Park Ltd (SPL), for 57 million pounds (about Rs 592 crore).
SPL which owns a Georgian-era hotel and golf course in Buckinghamshire is situated about 7 miles from London Heathrow and set in the midst of a sprawling 300 acres of parkland. According to SPL's website, the estate has 49 luxury bedrooms and suites, a 27-hole golf course, 13 tennis courts and 14 acres of private gardens with other luxuary amenities.
According to agency reports, the firm in a filing late on Thursday made the announcement of the acquisition adding that it will add to RIL's consumer and hospitality assets. "RIIHL will look to enhance the sports and leisure facilities at this heritage site, while fully complying with the planning guidelines and local regulations," the announcement said.
SPL is RIL's second major acquisition of UK based British brand, two years ago in 2019, it had acquired toy store Hamleys, adding it to its retail footprint.
The acquisition of SPL adds to Reliance's current stake in Oberoi hotels and managed services residences in Mumbai that it's developing in partnership with EIH Ltd is the flagship company of the Oberoi Group, owners of one of the largest luxury hotel chains in India. The partnership is developing state-of-the-art convention centre, hotel and managed residences in Mumbai's Bandra Kurla Complex.
SPL has worked closely with the British film industry, especially with Pinewood Studios and has offered its location for the production of several films including two iconic James Bond movies, Goldfinger (1964) and Tomorrow Never Dies (1997) while scenes from Bridget Jones's Diary (2001) starring Hugh Grant, Rene Zellweger and Colin Firth were also filmed at the estate.
Reporter