The Gym Works Out More Locations
17 Jan, 2011, London
Cushman & Wakefield has acquired three more sites for budget fitness centre operator The Gym; Leeds (c. 20,000 sq ft), Bristol (c. 16,500 sq ft) and Kingston-upon-Thames (c. 17,500 sq ft).
The Gym centres stay open around the clock and do not tie members into a contract. As there are no swimming pools or cafes at the centres, costs are kept down by having fewer staff employed.
Thomas Rose, Senior Surveyor at Cushman & Wakefield said, "These three acquisitions totalling nearly 55,000 sq ft illustrate the demand for affordable gym membership across the UK. The prime locations we have secured highlight the quality of The Gym's offer and appeal to major landlords such as Hammerson and LaSalle. The Gym is the leading operator in the sector and it is continuing its aggressive expansion having secured £30millon of funding to acquire at least 20 new sites in 2011, with a specific focus on London."