Europa Capital, the pan-European real estate investment manager, in partnership with Sovereign Centros, has secured a letting to PureGym, the UK’s leading gym operator, at Corby Town Shopping & Willow Place in Northamptonshire, boosting the leisure offer at this town centre asset.
PureGym has agreed a 15 year lease on a 10,000 sq ft unit fronting the town’s new surface car park, with opening taking place tomorrow on 22 November 2018.
This is the latest in a string of letting successes with jeweller Warren James, Eurochange, Electromist and local estate agent Chris George all signing up this year.
Alex Druttman, Associate Director at Europa Capital, commented: “PureGym is a fantastic brand to be attracting to Corby town centre and we are delighted to welcome them to Corby Town Shopping & Willow Place. Our asset management strategy for this property has focused on ensuring we have a diverse mix of tenants so bringing a tenant in which delivers an experience, such as fitness, perfectly aligns with this approach.”
Jack Gordon, Development and Asset Manager of Sovereign Centros, said: “Overseeing the asset management of the town centre has allowed us to make an opening for a leading gym operator of this calibre. Corby has an ever-growing resident population and whilst there are some existing independent gyms and sports facilities in the area, we are happy to help satisfy the pent up demand for a well regarded national brand like PureGym”.
Duncan Costin, Property Director at PureGym comments, “PureGym are delighted to be opening before Christmas to finally bring a premium offer of affordable health and fitness to town. We’ve been contacted by many local residents over the last couple of years asking when we were coming to Corby and we’ve finally managed to deliver an excellent gym space in the centre of town”
Corby Town Shopping & Willow Place comprises 800,000 sq ft, providing 146 retail units, plus ancillary office and residential accommodation. The centre is anchored by Primark, H&M, TK Maxx, Wilko and Boots. Other key tenants include River Island, New Look, Dorothy Perkins/Burton, JD Sports, Clarks, Costa Coffee and Peacocks. Footfall within Corby continues to outperform the national benchmark and is currently averaging approximately 7.5 million visitors each year.
Corby is one of the fastest growing towns in England with over 28,000 new homes expected by 2020. The town offers excellent road and rail communications, with a direct rail service to London St Pancras within 1hr 10 minutes.
For further information, please contact:
Europa Capital
Dido Laurimore/ Richard Sunderland/Tom Gough/ Eve Kirmatzis
FTI Consulting
Tel: 020 3727 1000
EuropaCapital@fticonsulting.com
Sovereign Centros
Ian Purvis, Porterfield PR 020 7647 4420 Ian@porterfield.co.uk
Notes to Editors:
About Europa Capital:
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital has collectively raised nine real estate funds and committed to over 130 transactions totalling more than €11.0 billion across 19 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Europa Capital is a member of Rockefeller Group International, Inc. (“RGI”), a subsidiary of Mitsubishi Estate Co. Ltd. RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
Further information can be found at www.europacapital.com
About Sovereign Centros:
Sovereign Centros is an independent Real Estate Operating Partner, consistently outperforming business plan returns, developing and investing in partnership with some of the world’s leading investors.
Hugely experienced with a 50-year track record, Sovereign Centros works with a variety of Capital Partners across many market sectors with a focus on retail, leisure, mixed-use, logistics and distribution development and investment.
