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Bannatyne adds Surrey club to portfolio
POSTED 16 Jun 2017 . BY Deven Pamben
The Weybridge club "represents a strategic purchase for the group" as it extends into the home counties
The Bannatyne Group has added the Weybridge Health Club and Spa in Surrey to its portfolio for an "undisclosed sum".

The group plans to revamp the gym floor at the club, which has 1,600 members and 38 staff.

Leisure property adviser Christie and Co acted on behalf of the Bannatyne Group in concluding the deal and "is actively seeking existing freehold and leasehold health clubs" for the company.

Properties that are a minimum of 15,000-20,000sq ft (1,390 - 1,858sq m), with a swimming pool and spa or the ability to develop these facilities, have at least 1,500 members, a minimum catchment population of 50,000 within a 15-minute drive and at least 100 car parking spaces are being sought.

Justin Musgrove, Bannatyne Group chief executive, said: “The Weybridge Health Club and Spa represents a strategic purchase for the group as we extend our portfolio into the home counties. It is just the sort of business where we believe we can add value and enhance the customer experience with investment and attention to operational detail.”

The company has 67 sites across the UK and around 200,000 members.
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The Bannatyne Group increased its pre-tax profit by 51 per cent to £11.6million (US$14.6m, €13.4m), according to its annual results posted to Companies House for the year ending December 31 2016, up from £7.7m (US$9.7m, €8.9m) in 2015.
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Jobs    News   Products   Magazine
NEWS
Bannatyne adds Surrey club to portfolio
POSTED 16 Jun 2017 . BY Deven Pamben
The Weybridge club "represents a strategic purchase for the group" as it extends into the home counties
The Bannatyne Group has added the Weybridge Health Club and Spa in Surrey to its portfolio for an "undisclosed sum".

The group plans to revamp the gym floor at the club, which has 1,600 members and 38 staff.

Leisure property adviser Christie and Co acted on behalf of the Bannatyne Group in concluding the deal and "is actively seeking existing freehold and leasehold health clubs" for the company.

Properties that are a minimum of 15,000-20,000sq ft (1,390 - 1,858sq m), with a swimming pool and spa or the ability to develop these facilities, have at least 1,500 members, a minimum catchment population of 50,000 within a 15-minute drive and at least 100 car parking spaces are being sought.

Justin Musgrove, Bannatyne Group chief executive, said: “The Weybridge Health Club and Spa represents a strategic purchase for the group as we extend our portfolio into the home counties. It is just the sort of business where we believe we can add value and enhance the customer experience with investment and attention to operational detail.”

The company has 67 sites across the UK and around 200,000 members.
RELATED STORIES
Bannatyne Group teams up with Rebecca Adlington


The Bannatyne Group has teamed up with Becky Adlington’s SwimStars to offer children the chance to learn to swim.
Bannatyne Group pumps £500,000 into Carlisle health club


The Bannatyne Group has invested £500,000 (US$624,900, €588,800) into improving equipment and facilities at its Carlisle health club.
Profits up at Bannatyne Group following surge in membership


The Bannatyne Group increased its pre-tax profit by 51 per cent to £11.6million (US$14.6m, €13.4m), according to its annual results posted to Companies House for the year ending December 31 2016, up from £7.7m (US$9.7m, €8.9m) in 2015.
Bannatyne Group introduces treatments for spa clients with cancer


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15-18 Jun 2026

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