Gym Group extends its 2021 pipeline with another site in Yorkshire

The Gym Group, a nationwide operator of 183 low cost, no contract gyms, has signed a 15-year lease for a new gym in York which will open in the first quarter of 2021.

Located on Foss Island Road and next to Halfords, the site was previously a retail warehouse and has been vacant since 2018.

Once fitted out with a 5,000 sq ft mezzanine adding to the floorplate of 10,000 sq ft, the gym will be a similar size to other sites in The Gym Group’s portfolio. It will create 12 jobs following the investment of approximately £1.4m.

Oliver Tester, head of property acquisition, said: “York is a City where we have wanted to operate in for a long time, but until now we have not been able to find the right site in the right location with the appropriate deal.

“In agreeing this lease, we have benefited from the rapidly changing dynamics of the retail property market.

“There remain many other key cities and towns similar to York where we can locate a Gym Group site where landlords can benefit from our strong covenant and our market leading position as the strongest capitalised company in the sector.

“As we continue to expand we look forward to extending our high quality, affordable experience to thousands of new members at a time when fitness has become ever more important in all our lives.”