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Albion Ventures sells Tower Bridge Health and Fitness Club

Albion Ventures has sold Tower Bridge Health and Fitness Club to Encore Capital, delivering a total return of 2.8 times the amount invested and an IRR of 25 per cent.

Tower Bridge Health and Fitness Club is a premium club located at the More London estate near Tower Bridge, overlooking the River Thames. It has a 20 metre swimming pool, sauna, steam room, several studios, a beauty spa and a state-of-the-art gym. The club has been operating for nine years.
 
Albion first invested in Tower Bridge Health and Fitness Club in 2005 alongside London Health and Fitness to finance the build and fit-out of the facilities. 
 
Christoph Ruedig, partner at Albion Ventures, says: “We are delighted with the success of Tower Bridge Health and Fitness Club.  The club is located at a premium site and has a strong offering that caters well to the needs of its members.  We have enjoyed working with the London Health and Fitness management team, Andy Kay and Mhairi Fitzpatrick, who have consistently grown the business despite an often uncertain economy. The investment has generated an excellent return for our funds.  We wish the club all the success during its next phase of growth.”

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