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The Gym secures three new locations
Property agent Cushman and Wakefield (CW) has announced that it has acquired three new locations for low-cost fitness operator, The Gym.
In December, the operator confirmed its plans to add up to 20 new sites to its portfolio during 2011 after securing a multi-million pound funding package. The three locations secured by CW on behalf of The Gym include a 20,000sq ft (1,858sq m) site in Leeds and a 16,500sq ft (1,533sq m) Bristol property.
A 17,500sq ft (1,626sq m) location in Kingston-upon-Thames will also be incorporated into The Gym's expanding UK portfolio of low-cost health clubs. CW senior surveyor Thomas Rose said: "These three 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 £30m of funding to acquire at least 20 new sites in 2011, with a specific focus on London."