British Land is seeking to acquire a £175 million portfolio of properties, Financial Times reports. The properties, which comprise 17 long leaseholds and freeholds for gyms and sports facilities, are occupied by Virgin Active health and racquet clubs.

The U.K. property company is in final negotiations to purchase the properties from Société Générale, which took control in 2009. The previous owner was the family trust of Simon Halabi, which bought both the properties and the operating business trading as Esporta for over £450 million in 2006.

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