landlords news

Third Space has made its first move beyond the equity markets by agreeing an £88.5m structured finance facility with OakNorth and Searchlight Capital Partners. Speaking ... More

Third Space has signed a deal to open a club at The Whiteley, the iconic West London landmark which is undergoing a £1bn (US$1.3bn, €1.2bn) ... More

Fitness First has filed a Court Order for restructuring at Companies House in the UK – the document is currently being processed, with details due ... More

Fitness First UK has confirmed to HCM that it's in the process of restructuring, citing rising costs and working from home which has undermined some ... More

Results from SATS' Q4 2022 report show that membership numbers grew to record levels in 2022, reaching 721,000 overall, including an increase of 13,000 during ... More

Longevity, a startup providing longevity products, services, education and advice to subscribers, has launched a digital platform and will open its first club in Milton ... More

Total Fitness says its membership numbers are back to pre-COVID-19 levels. With fifteen clubs in the north of England, the company said eight sites – ... More

Evolution Wellness has closed all its Fitness First operations in Hong Kong. The pandemic’s impact and the government’s Zero COVID strategy proved too much for ... More

The founders of boutique operator Digme Fitness have dismissed reports in the UK's national press which claimed that the company has "collapsed". The Times and ... More

The Gym Group has published its full-year results for 2021 and announced plans to open 28 new sites in 2022, including three gyms acquired this ... More

The UK government's working from home guidelines are threatening the financial future of city centre health clubs and gyms, according to some operators. Under the ... More

ukactive has stressed the importance of landlords and tenants "sharing the burden" of commercial rent arrangements. The industry body made the call during a committee ... More

A new £40m build-to-rent development with a focus on wellbeing has opened to residents in Leeds city centre in the UK. Located on the historic ... More

KSL Capital Partners has acquired a majority interest in luxury health club operator Third Space from Encore Capital, who originally invested in the company in ... More

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

A court has given Virgin Active the green light to erase the rent arrears it had accrued during pandemic lockdowns. The wiping out of the ... More

Total Fitness is entering into a company voluntary arrangement (CVA), after being hit hard by the pandemic lockdowns. The company, which has 17 clubs in ... More

A battle to save Virgin Active is continuing, as the company works to secure a restructuring plan which would be approved by its creditors. Investors ... More

Virgin Active investors are understood to be preparing a £60m+ funding injection into the fitness operator, in a bid to secure its future. As reported ... More

PureGym is burning £4m of cash a week through its UK business, due to the UK government's decision to shut gyms in England as part ... More

The government has further extended protection from rent enforcement activity until the end of the year. The measure, in force for England and Wales, provides ... More

Europe's largest gym chain, Basic-Fit, has provided the European fitness sector with some optimism, after recording high membership growth in the months following lockdown. Reporting ... More

Almost half of all public health and fitness, leisure and community facilities in the UK, including swimming pools and leisure centres with gyms, will close ... More

The government has announced that it will keep the Moratorium of Forfeiture, which protects businesses from rent enforcement activity, in place for a further three ... More

Budget gym operator Fitness4Less has revealed that it will not be reopening its Bristol club when lockdown measures are lifted. Attributing the closure to the ... More