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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Encore Capital acquires another premium London health club

Private investment firm Encore Capital is in the midst of what looks like a buying spree of London’s premium health clubs.

Having recently acquired the Third Space chain – whose Soho and Marylebone clubs boast a range of celebrity members – Encore has now snapped up the Tower Bridge 37 Degrees health club for an undisclosed fee. The 27,000sq ft (2,508sq m) site overlooking the Thames features a 6,000sq ft (557sq m) gym, swimming pool, sauna, steamroom, several studios, a medical centre and a spa.

These recent acquisitions, together with Encore’s ownership of the Reebok Sports Club in Canary Wharf underline its ambitious growth plans in the health and fitness sector.

“The acquisition of 37 degrees at London Bridge fits our strategy well. Our aim is to be the leading luxury health club operator in the best locations in London,” said Encore partner Shirin Gandhi.

“We aim to invest heavily in upgrading the already high quality facilities within this club which, together with the redevelopment of London Bridge Station will add to the attractiveness of this location.”

The Tower Bridge club has been acquired from a joint venture between Albion Ventures and London Health & Fitness – owned by founders Andy Kay and Mhairi FitzPatrick. Kay and FitzPatrick are now focusing on their new leisure investment vehicle Socius Investing, with the former telling Health Club Management: “We are very pleased to have done this deal with Encore Capital. We’ve known the executive team at The Reebok Club for many years and they are very well placed to take this special club to the next level”.

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Private investment firm Encore Capital is in the midst of what looks like a buying spree of London’s premium health clubs.
HAF,FIT,IND,PHR
582486_717348.jpg
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News

Encore Capital acquires another premium London health club

Private investment firm Encore Capital is in the midst of what looks like a buying spree of London’s premium health clubs.

Having recently acquired the Third Space chain – whose Soho and Marylebone clubs boast a range of celebrity members – Encore has now snapped up the Tower Bridge 37 Degrees health club for an undisclosed fee. The 27,000sq ft (2,508sq m) site overlooking the Thames features a 6,000sq ft (557sq m) gym, swimming pool, sauna, steamroom, several studios, a medical centre and a spa.

These recent acquisitions, together with Encore’s ownership of the Reebok Sports Club in Canary Wharf underline its ambitious growth plans in the health and fitness sector.

“The acquisition of 37 degrees at London Bridge fits our strategy well. Our aim is to be the leading luxury health club operator in the best locations in London,” said Encore partner Shirin Gandhi.

“We aim to invest heavily in upgrading the already high quality facilities within this club which, together with the redevelopment of London Bridge Station will add to the attractiveness of this location.”

The Tower Bridge club has been acquired from a joint venture between Albion Ventures and London Health & Fitness – owned by founders Andy Kay and Mhairi FitzPatrick. Kay and FitzPatrick are now focusing on their new leisure investment vehicle Socius Investing, with the former telling Health Club Management: “We are very pleased to have done this deal with Encore Capital. We’ve known the executive team at The Reebok Club for many years and they are very well placed to take this special club to the next level”.

Sign up for FREE ezines & magazines
Private investment firm Encore Capital is in the midst of what looks like a buying spree of London’s premium health clubs.
HAF,FIT,IND,PHR
582486_717348.jpg

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An individual who anthropomorphises sadness will feel less sad and will also tend to display better self-control in subsequent decisions about consumption
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Featured supplier: Speedflex enters new partnership with Gateshead Council
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Featured supplier news
Featured supplier: WEXO: The definitive cross training solution
A new cross training concept has arrived, offering weightlifting, athletic, metabolic, and functional exercises in a circuit format.
Opinion
promotion
Gyms need to look at ways to deploy technology that helps them engage with customers on a human level. This can be done by encouraging customers to leave as much real-time feedback as possible
Opinion: Customer Feedback: the Good, the Bad and the ‘Could be Improved’ Why health clubs need to take action in 2020 to retain their New Year customers
Video Gallery
How to use the MZ-Bodyscan
MyZone
The Best Product for the Best Clubs Read more
More videos:
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Company profile: TRIB3 International Ltd
First established in Sheffield in January 2016 TRIB3 is a bootcamp boutique studio designed to ...
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Company profile: Healthcheck Services Ltd
Here at Healthcheck Services, we want to empower you, your clients & your staff to ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Management software
Fisikal: Management software
Lockers/interior design
Fitlockers: Lockers/interior design
Skincare
Comfort Zone - Davines S.p.A: Skincare
Fitness software
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Audio visual
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