ProPerty Global hotel deals to reach £19.8bn in 2013 leisure media sTudIo


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Carnegie Leisure Centre in Dunfermline is having to be closed for maintenance work just a year aſter it reopened following a £17m upgrade. Te main and children’s swimming pools and health suite are having ‘essential improvement works’ and corrections to end-


Read Leisure Opportunities online: www.leisureopportunities.co.uk/digital


of-year defects carried out by the building contractor, Barr Construction. Tis includes minor repairs, which were not


undertaken previously because of “unforeseen difficulties” - according to the centre’s opera- tor Fife Sports and Leisure Trust.


Twitter: @leisureopps © Cybertrek 2013


Hotel deal volumes are expected to reach US$32bn (£19.8bn, 24bn euro) glob- ally during 2013, according to research carried out by Jones Lang LaSalle’s Hotels and Hospitality. The g roup’s Hot e l


Investment Outlook Report found that a number of buyer groups will remain interested in acquiring assets. Cross-border capital, which


accounted for 30 per cent of global hotel investment in 2012, could also accelerate in 2013. Te report predicts that global debt availability will be at its highest level since 2007, while private equity and real estate investment trusts (REITs) will dominate purchasing activity with 60 per cent of the global market. Meanwhile, private equity investors are


expected to continue to lead the pack by achieving opportunistic returns through their


Te global hotel market is expected to gain traction aſter a slow period


buying power and risk tolerance. REITs, net buyers throughout 2012, will continue to make headline acquisitions of core properties in gate- way markets. Tis was found to be particularly true in North America and Asia Pacific where two new hotel REITs in Singapore have been listed. Funds from the Middle East will con- tinue to seek opportunities to export capital in 2013. Details: http://lei.sr?a=o7Q3n


Land Securities acquires X-Leisure


Land Securities has confirmed it has obtained a majority stake in X-Leisure Unit Trust, the company behind Xscape and SNO!zone enter- tainment centres. Te company has completed the purchase


of a 42 per cent interest in the X-Leisure Unit Trust and 100 per cent interest in X-Leisure Ltd (the management company of the fund) and X-Leisure (general partner) for £111.9m. Executive director at Land Securities,


Richard Akers, said: “Leisure is increasingly being treated as an essential element of the UK consumers’ habits and as we enhance our shopping centres by broadening their leisure offer, today’s deal gives us unparalleled reach with the major operators. “We have been clear that we would


look to increase the proportion of leisure in our business and today’s announcement


is further evidence of our plan to align our retail portfolio with the modern demands of the consumer.”


Xscape extreme sports centre in Braehead, Scotland With the transfer of the management com-


pany, XLL CEO, PY Gerbeau, has decided to leave the business to take up new challenges. “Tis has been a very amicable transaction and I am extremely happy to have such a sig- nificant player taking X-Leisure forward.” Details: http://lei.sr?a=y0w3l


Carnegie Leisure Centre closes for repairs


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