Fitness chain The Gym Group on Monday opened its latest branch moments from Tottenham Hotspur FC’s new stadium, and told landlords it can help them fill space left vacant as retailers downsize or collapse.
The listed firm’s new 16,000 square feet outpost will be next to Sainsbury’s on White Hart Lane in part of the building the grocer no longer needs. It will also launch a Monument site this month, bringing its estate size to over 150 gyms.
The budget chain’s property director Jonathan Spaven said he is on the hunt for more London locations to open in next year.
Spaven added: “We have witnessed retailers and restaurants battle with a number of factors including online competition as well as rising business rates. We offer landlords a flexible route to filling vacant property.”
Building owners have been left with swathes of empty properties in 2018 after a number of firms, including Toys R Us, Jamie’s Italian and New Look, either collapsed or restructured.
