New £200m property investment fund has a lust for leisure
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Essex Boot Camp
Competitive
Loughton / Epping / Chigwell area
star job
Haringey Council
£37,722 - £40,869
Haringey, London, UK
Plymouth Marjon University
Grade 2, £16,735 - £17,361
Plymouth, UK
star job
Future Fit Training
Competitive
Various locations, including London & Manchester
star job
Kirklees Active Leisure
£50,692
Huddersfield, UK

New £200m property investment fund has a lust for leisure

Job opportunities
Haringey Council
£37,722 - £40,869
location: Haringey, London, UK
Plymouth Marjon University
Grade 4, £11.03 + 12% holiday pay per hour
location: Plymouth, UK
CVLIFE
£28,000 - £33,000 (depending on experience)
location: Coventry, UK
more jobs

A new £200m investment fund seeking opportunities to acquire leisure properties has completed its first three transactions and is on the hunt for further assets.

Property investment company Otium Real Estate raised £200m in December 2014 for its leisure-focused fund Otium Leisure Ventures, which seeks to add value through active asset management. Exclusively targeting leisure real estate – such as leisure parks, city centre leisure blocks and stand-alone assets including cinemas, restaurants, health clubs and bowling alleys – the acquisition of the first three assets totalled more than £30m.

The initial transactions include the Nuffield Health gym in Cannock for £4m, the Westgate Leisure Park in Wakefield for £12m and, most recently, the Newport Leisure Park at £14m. The Westgate Leisure Park and the Newport Leisure Park house a selection of well-known leisure brands such as Cineworld, Nandos, McDonalds, Harvester, Frankie & Bennys, Pizza Hut and Mecca. According to Otium, other deals are in the pipeline.

“We are delighted to have successfully acquired these three assets within seven months of our fund launch and achieved the creation of our first fund,” said Ashley Blake, CEO of Otium Real Estate.

“The leisure market is in great shape, with acquisition opportunities for those with specialist sector knowledge. Strong occupational demand and increasing consumer confidence are boosting leisure spending, making it an outperforming sector for property investment.”

Sign up for FREE ezines & magazines
A new £200m investment fund seeking opportunities to acquire leisure properties has completed its first three transactions and is on the hunt for further assets.
CLD,HAF,FIT,IND,HHR,HOT,RST,COL,PRO,INV,PHR
161417_482549.jpg

More News

1 - 15 of 43,325
20 Jun 2021
Laurence des Cars is to become the first female president of the Louvre, following her appointment by French president Emmanuel Macron. Art historian des Cars ... More
19 Jun 2021
Plans have been revealed to build the world's deepest pool in Cornwall, UK, which would house facilities serving the spaceflight, sports science and healthcare communities. ... More
18 Jun 2021
People with depression should be prescribed exercise and then monitored for the first 12 weeks of their regime – similar to the way physical therapy ... More
17 Jun 2021
Kew Gardens has established a "living laboratory" at its wild botanic garden at Wakehurst, UK. The move is part of a research project to explore ... More
17 Jun 2021
Frequent strenuous exercise increases the risk of developing motor neurone disease (MND) in people with certain genetic profiles. Over recent years, a number of high-profile ... More
16 Jun 2021
Discount rail and bus travel and £10m in vouchers to key attractions – funded by the National Lottery – are among the measures announced in ... More
JP Lennard
JP Lennard
16 Jun 2021
The UK government has extended the ban on commercial evictions until 25 March 2022. Announcing the move today (15 June), chief secretary to the Treasury, ... More
15 Jun 2021
Operating a further four weeks at reduced capacity will place serious pressure on English fitness facilities – if the government doesn't urgently provide additional financial ... More
15 Jun 2021
People experiencing homelessness are being offered free access to leisure centres by Oxford City Council. A scheme launched this month (June 2021) will see the ... More
15 Jun 2021
IHRSA has appointed Elizabeth Clark as its new president and CEO. Clark joins the industry body from the National Confectioners Association (NCA) – the trade ... More
15 Jun 2021
Buro Happold, has acquired acoustics and audio-visual consultancy Vanguardia Limited and its subsidiary Crowd Dynamics International. The move will strengthen Buro Happold’s depth of expertise ... More
15 Jun 2021
Boutique studio operator TRIB3 has launched its own-brand range of luxury toiletries. The operator, which recently entered the Benelux market by signing a 20-site franchise ... More
Miha Bodytec GmbH
Miha Bodytec GmbH
15 Jun 2021
Rainer Schaller's RSG Group is bringing its John Reed brand of health clubs to the UK for the first time. Set to open in London's ... More
11 Jun 2021
The government needs to urgently set out its plans to support physical activity and fitness businesses, if it intends to delay Step 4 of its ... More
11 Jun 2021
Glofox will begin offering health clubs, gyms and fitness studios instant access to financing, following a deal struck with Stripe Capital. The club management software ... More
1 - 15 of 43,325
Technogym
Technogym