The Gym Group, nationwide operator of 186 affordable gyms, is pleased to announce that it has signed a lease for a new gym in Stretford, Greater Manchester, which will open in July 2021. 

The site, leased from Derwent Holdings Limited, is located in one of Manchester’s busiest retail parks alongside a host of popular food and retail stores including M&S Food, Aldi, Home Bargains and Curry’s, on the A56 Chester Road, close to Salford Quays and Old Trafford football ground.

The Gym Group will invest c.£1.3 million in the 15,000 square feet gym, which will give members a large well-ventilated gym fitted with a wide range of top quality exercise equipment.

Members will benefit from affordable contract free memberships, 24/7 access and free onsite parking at a price of £17 per month. Key new features in The Gym Group’s app include contactless entry as well as the ability to check how busy the gym is before attending.

The new gym will create 15 new jobs and generate social value for the local community, which is a core part of The Gym Group’s strategy. The Gym Group recently commissioned a piece of research by 4Global that estimated the social value per site generated across its estate pre-pandemic equated to £3m per site.

With existing units in the Manchester city centre, as well as Fallowfield, Altrincham, Stockport and Handforth, the new Stretford site further expands The Gym Group’s reach across Manchester and provides access to affordable fitness for the local community.

Oliver Tester, Head of Property acquisition, commented, “We are delighted to be increasing our presence in Manchester. The pandemic has shone a light on the importance of fitness for mental and physical health, and we are pleased to be giving further access to our gyms for the community within Stretford.

 There are substantial opportunities ahead for further growth. Our strong covenant and impressive track record make us an attractive choice of tenant to landlords, and we are well placed to benefit from the significant changes in the retail property market. We look forward to welcoming our new members and supporting them as they begin their fitness journey with us.”

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