Aprirose has confirmed it plans to sell the flagship Grosvenor Victoria Casino building while in other Rank news Grosvenor Nottingham recently reopened.
Real estate investments firm Aprirose Limited has announced that it intends to sell the building that houses London’s Grosvenor Victoria Casino and is only prepared to entertain offers in excess of £70m.
Affectionately known by poker players as the “The Vic”, the building is home to The Rank Group’s flagship casino and attracts around 1,400 customers per day.
Aprirose secured the freehold ownership of the 71,138 sq ft Edgware Road property from Earth Properties, a joint venture between William Pears Group and Tony Khalastchi, in a £55.5m deal in 2014.
The Rank Group has a lease until 2026 and is understood to have a right to renewal, therefore the building is expected to continue to operate as a casino.
In other Rank news, Grosvenor Casino Nottingham reopened this March following a £3.4m revamp which sees the venue sporting an improved slots area with integrated VIP machines, in addition to 15 gaming tables and a new bespoke card room with seven cash game tables.
The renovations were envisioned as a way to transform the city-center casino into a wider entertainment facility and it will now offer a bar, restaurant and live music lounge while the removal of some office space means that the size of its gaming floor has increased by 10 percent to 14,800 sq ft.
“The good thing about this is we’re not just catering for gamblers or gamers but we’re also catering for the leisure side,” said Daren Brain, general manager for the Grosvenor Casino Nottingham. “There’s a great flow around the building where people can walk easily between the leisure and gaming areas, which is unique.”
Rank earlier revealed that the refurbishment of venue, which first opened in 1991, will add at least 20 new jobs to the casinos 114- strong workforce.