First gym signs up as tenant for 15 years at key shopping park
Liverpool Shopping Park has signed up its first gym tenant, on a 15-year lease with a 10-year break.
Acting on behalf of the Albert Gubay Charitable Foundation, the Derwent Group has secured 24-hour fitness operator PureGym for a 15,000 sq ft unit, following a planning application for a change in use.
Set to open in the summer following an extensive fit out, PureGym will be joining the likes of Nike, M&S Food Hall, Greggs, Boots, Next, Smyths Toys, JD Sports, Hollywood Bowl and T K Maxx at the site.
James Maule-Ffinch, senior asset manager at the Derwent Group, said: “The prominent location of Liverpool Shopping Park, fronting Edge Lane, means that it has immediate appeal to retail and leisure operators.
“PureGym is another fantastic addition to the park – and its first gym – and we were delighted to have worked with them to accommodate their specific requirements.”
Steve Elrington, head of acquisitions for PureGym, said: “There is a huge appetite for affordable gyms in Liverpool and we are delighted to be expanding our presence in the city.
“Our newest gym is in a prime location on Liverpool Shopping Park and will provide a fantastic range of fitness equipment and classes, all with affordable, zero-contract memberships.
“This will be a fantastic new facility for the people of Liverpool and the surrounding communities, helping to support their physical and mental wellbeing.”
The Derwent group recently submitted a planning application to develop a further 80,000 sq ft of retail and leisure space at Liverpool Shopping Park as part of an £11m expansion.
A decision is expected by spring.
McMullen Real Estate and CSP are the appointed letting agents for the scheme and represented the Derwent Group. PureGym was unrepresented.