14th November 2018
PUREGYM SIGNS LEASE AT TELFORD CENTRE
Telford Shopping Centre is expanding its leisure offering by letting an underused adjacent building to PureGym.
The gym chain, which has targeted plans of opening 300 gyms by 2020, has signed a 15 year lease on 17,500 sq ft at Brodie House, next to the city centre shopping centre.
Sovereign Centros, which manages the centre on behalf of Orion Capital Manager, secured the letting to the gym as part of a £55m redevelopment aimed at repositioning the centre to become the region’s “leading shopping and leisure destination”.
Mike Thomas, development and asset manager at Sovereign Centros said:“The leisure offer in Telford is already incredibly strong and includes an ice rink, bowling alley and IMAX Cinema. We have been looking for opportunities to attract a high quality, national gym operator into the scheme for some time and we are delighted to have found a home for Pure Gym.”
Duncan Costin, PureGym’s property director, added: “We’re delighted to be adding to our already extensive network of gyms in the West Midlands. This site means we can reach an even greater number on people in the area and give them access to affordable gym membership and high quality facilities”.
Work is also currently underway on a new 80,000 sq ft fashion complex at the centre, which is due to open by Summer 2019 and will be home to River Island, Next, New Look and H&M