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400,000+ readers leisure opportunities 12 june – 25 june 2012 ISSUE 582 Daily news & jobs: www.leisureopportunities.co.uk Fitness First to sell 67 UK clubs


Fitness First is to sell 67 of its UK gyms and has initi- ated a Company Voluntary Arrangement (CVA) as part of a restructuring process. Te CVA – supervised by


KPMG – is designed to allow the group to restructure lease agreements with landlords. According to KPMG, the


main components of the CVA include the continued trading of all Fitness First clubs, with 57 gyms retained at current rents paid monthly for three years, rather than quarterly. A further five gyms will be


retained at a reduced equiv- alent monthly rate of 65 per cent over the three-year period before returning to market-based rent. Te leases to 18 other UK facilities will remain unaffected. Te clubs being sold – including sites in Birmingham; Chelmsford; and Stevenage – are


FIA supports ‘Women TRY Sport’ campaign


The Fitness Industry Association (FIA) has offered its backing to the ‘Women TRY Sport’ campaign, which is designed to promote and improve sporting opportunities for women. Te initiative aims to give focus,


direction and exposure to the poten- tial offered by women’s sport as a powerful motivator for women. FIA CEO David Stalker said: “We


are very much looking forward to to supporting the campaign and help combat the rising levels of women leading sedentary lifestyles.” Read more: http://lei.sr?a=h6e8w


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Fitness First is offloading the 67 gyms as part of a restructuring move


expected to be transferred to other operators in “most cases”, with members able to move con- tracts to the new owners at no extra cost. Read more: http://lei.sr?a=P0Z4h


Malaysians to buy power station site


A joint venture between Malaysian-based developers SP Setia and Sime Darby Property has been named as the preferred bidder for the Battersea Power Station site in London. Te companies have entered into an exclu-


sivity agreement with joint administrators and joint receivers from Ernst and Young to acquire the site in a £400m deal. Planning permission for a major £5.5bn


redevelopment designed by Rafael Viñoly had been approved in 2011, before the site’s previ- ous owner was placed into administration. Te site was marked by international prop-


erty consultancy Knight Frank in order to secure a new owner for the power station.


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Te deal provides a brighter future for the iconic site SP Setia and Sime Darby Property are plan-


ning to transform the landmark Battersea Power Station with a “sustainable multi use real estate regeneration project”. Read more: http://lei.sr?a=F0M3l


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Sunesis Leisure will allow for a range of facilities


Sunesis build concept for leisure sector to launch


Willmott Dixon has announced its plans to launch a new leisure sector version of its standardised build concept this summer. Sunesis was unveiled last year in collabo-


ration with Scape - a company owned by six local authorities to provide “various tools” to increase efficiency in the public sector. Te leisure version will allow for the


development of a wide range of facilities, including swimming, indoor sports and aerobics, as well as spa and therapy areas. Read more: http://lei.sr?a=d8h2n


image: cycreation/shutterstock.com


image: pres panayotov/shutterstock.com


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