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Anytime Fitness appoints real estate adviser to bolster UK expansion

Posted: 23 Nov 2018
Estimated Read Time: in 4 minutes
Anytime Fitness appoints real estate adviser to bolster UK expansion

The franchise has partnered with global real estate specialist CBRE, which will advise on all UK property acquisitions.

The partnership will support Anytime Fitness’ objective to become the UK’s largest fitness operator and give franchisees the opportunity to capitalise on CBRE’s wealth of property knowledge to secure new club locations.

CBRE will be a retained agent for Anytime Fitness and can be commissioned by franchisees to help support their property searches and assist in providing competitive commercial terms.

The partnership will also see CBRE provide outsourced transaction management services for Anytime Fitness.

The franchise currently has more than 150 clubs in the UK, with plans to open 400 gyms by the end of 2020.

Stuart Broster, UK CEO at Anytime Fitness, says: “The health and wellness industry has changed significantly and providing high quality fitness environments that people can access at their convenience is a key differentiator.

“Having opened over 100 clubs in the past three years, we want to sustain our growth and CBRE will be an integral partner of ours and our franchisees in advising us all on strategy for future growth.”

Rhodri Davies, head of UK retail at CBRE, believes there’s significant opportunity for the rapid expansion of fitness clubs in the UK.

“We are seeing exponential growth in people’s focus on health, wellness and lifestyle,” he says.

“In addition, the appointment reflects a flexible new offering that we can provide to clients in today’s evolving retail landscape.

“The appointment bases itself on a bespoke site acquisition model that CBRE has developed for clients in a changing world for the consumer.”

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