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Reliance Industries acquires another British Icon, Stoke Park, for $** Million

With ongoing disturbances due to Covid-19 across the nation businesses are shutting down, but business tycoons are leading their ways to grab opportunities, billionaires to add more asset value, and so on. Recently, the billionaire and controller of Reliance Industries, Mukesh Ambani bought Stoke Park for $79 million, adding an iconic locale to its tourism properties. 

On Thursday, one of the owned units of Reliance Industries announced in an exchange filing that it will purchase Stoke Park, which owns and manages a hotel, sports, and leisure facilities in Buckinghamshire, for around 57 million pounds that is $79 million.  

The interesting part about the purchased property is that the rolling golf course has been known and famous since James Bond played a game with Auric Goldfinger there in the 1964 blockbuster. 

And since then, the estate or property with the Georgian-era mansion set in the middle of 300 acres of parklands has also been a backdrop in productions like “Bridget Jones’s Diary”and Netflix’s British Royal Family drama “The Crown”.

Moreover, it has 49 luxury bedrooms and suites, 13 tennis courts, 14 acres of private gardens, and a 27-hole championship golf course that attracts wealthy and rich tourists from all over the world. 

Recently, it has acquired one of the struggling Iconic Toy Store “Hamleys” in 2019 and is seeking to revive it by opening some of its stores in the Indian market. And now this is the second purchase of a property that is more like heritage. Additionally, the Stoke Park estate has a recorded history of over 900 years. Earlier, it was used as a private residence until 1908, as stated on its official website.

The Reliance group said in an exchange filing- “The group “will look to enhance the sports and leisure facilities at this heritage site”. 

Lastly, the reports suggest, the UK is emerging as a real estate hotspot for wealthy Indians, and it is witnessing several purchases of heritage properties by them. 

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