• In and Out Club sale collapses

The sale of the former site of the Naval & Military Club – also referred to as the "In and Out Club" –  in London, which was expected to have been converted into a hotel, is reported to have collapsed.

It is thought that a bid of £200m from a consortium of American and Middle Eastern investors was not completed within the exclusivity period. The site was previously owned by family trusts advised by property mogul Simon Halabi.

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