Brookfield invested in Mayfair members’ club months before forced closure

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeFinancial TimesBrookfield invested in Mayfair members' club months before forced closureMaison Estelle has been shut as police investigate an alleged firearms incident involving a member of the exclusive venueAuthor of the article:Last updated 31 minutes ago Brookfield Place, which contains the Brookfield Asset Management headquarters, in New York, U.S. on May 14, 2025. Photo by Yuki Iwamura/BloombergBrookfield Asset Management paid £160 million for a large minority stake in Maison Estelle months before the exclusive private members’ club was forced to close amid a police investigation into allegations of threatening behaviour involving one of its members.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe private capital giant acquired a roughly 40 per cent stake in the Mayfair club’s holding company in March, according to corporate filings and people familiar with the matter.This advertisement has not loaded yet, but your article continues below.The deal also gave Brookfield a stake in the group’s two other establishments: Notting Hill members’ club Celeste and Estelle Manor, an 85-acre estate and rural retreat in Oxfordshire.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againMaison Estelle, which is frequented by celebrities, royals and dealmakers, opened in a Grade I-listed Georgian townhouse in 2021. The club spans seven floors, with four dining rooms, 11 bars and a nightclub across the two lower levels. Visitors are required to cover their phone cameras with a sticker to preserve the privacy of its members.Brookfield’s investment came six months before Maison Estelle was forced to close in September following an incident involving a member who was denied entry on a busy Saturday evening, according to a person with knowledge of the situation.People affiliated with the member were then allegedly seen with a firearm or imitation firearm along the street from the club, the person said.Maison Estelle, where membership costs £4,250 a year, will reopen next month under strict conditions as the police continue to investigate the allegations, the FT previously reported.This advertisement has not loaded yet, but your article continues below.The Metropolitan Police said a “live criminal investigation into an incident in the vicinity of the venue remains ongoing” and that it had asked Westminster Council to review Maison Estelle’s alcohol licence as the premises were “allegedly associated with serious crime, or serious disorder, or both.”Once reopened, Maison Estelle’s licensing hours would be curtailed and its nightclub would operate at a lower capacity and only offer table service, said a person familiar with the matter. It was granted permission to reopen by Westminster Council following a closed-door hearing last week.Members were given a food and beverage credit worth double their membership fees over the period of the club’s closure.The club was founded by hospitality entrepreneur Sharan Pasricha and his wife Eiesha Bharti Pasricha, the daughter of billionaire Sunil Bharti Mittal, who retain majority control of the club, as well as Celeste and Estelle Manor.Brookfield is seeking to help Estelle Community — the brand that unites the three clubs — expand internationally, according to people familiar with the matter and marketing materials seen by the FT. The group is targeting the US, where it is expected to open its first club in Manhattan.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.In financial disclosures seen by the FT, Brookfield said the Luna Group, which holds the three clubs, “combines an excellent brand reputation . . . supported by recurring membership fees and strong client engagement, which have consistently contributed to the resilience of an exclusive community of high-net-worth individuals.”It added that it wanted to expand the brand internationally by “leveraging the Brookfield ecosystem” and that “the existing flagship model is intended to serve as a replicable blueprint for expansion into global financial hubs.”Brookfield and Maison Estelle declined to comment.© 2026 The Financial Times LtdNotice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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