Sport, parks and leisure - Leisure trust Life Leisure makes move into facility ownership...
10 Dec 2018 Sport, parks, & leisure: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

27 Nov 2018

Leisure trust Life Leisure makes move into facility ownership
BY Tom Walker

The Stockport Sports Village features features a 5,000sq ft health club

The Stockport Sports Village features features a 5,000sq ft health club

Life Leisure has become a facility owner after acquiring the Stockport Sports Village (SSV).

The charitable trust – which manages sports and leisure facilities in the North West of England – purchased the 23-acre site and is the company’s first venture into land ownership.

While no details were released on the purchase price, the deal is thought to reflect a rent vs mortgage differential of around £14m for the trust.

Life Leisure first took over management of the site – which features a 5,000sq ft health club, 17 3G football pitches and tennis courts – in 2012.

According to Malcolm McPhail, Life Leisure CEO, the purchase of SSV marks the start of a new era for the organisation.

“As a leisure trust, we face unprecedented competitive pressure at all levels, from major private chains and boutique gyms, through to budget operators," McPhail said.

"It’s a market environment which means you have to believe in and commit to every single business decision wholeheartedly – buying SSV is the perfect example of this.

“It’s unusual for a trust, let alone a trust of our size, to be in a position to buy such a major asset but we could see SSV’s potential and its importance to Stockport from the outset."

The acquisition follows a period of growth for Life Leisure. Over the past five years, the trust has achieved a 45 per cent growth in turnover.



Connect with
Sport Parks Leisure
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Surfing and skateboarding among sports to share £3m Aspiration Fund ahead of Tokyo 2020
Surfing and skateboarding among sports to share £3m Aspiration Fund ahead of Tokyo 2020   07 Dec 2018

Surfing, skateboarding and climbing are among the 14 sports to have have received investment from UK Sport's new £3m Aspiration Fund. The fund, .... more>>
Industry reacts to childhood inactivity survey – figures branded 'shocking' and 'a national disgrace'
Industry reacts to childhood inactivity survey – figures branded 'shocking' and 'a national disgrace'   06 Dec 2018

The figures revealed in today's Active Lives Children and Young People research have been described an "urgent wake-up call" and a "national .... more>>
Inactivity crisis: 82 per cent of young people fail to hit recommended activity levels
Inactivity crisis: 82 per cent of young people fail to hit recommended activity levels   06 Dec 2018

Less than one in five of children and young people (17.5 per cent) are meeting the Chief Medical Officer’s guidelines of more than 60 minutes of .... more>>
Lord Mountbatten and Mark Foster launch tetraplegia campaign
Lord Mountbatten and Mark Foster launch tetraplegia campaign   06 Dec 2018

Lord Ivar Mountbatten and former Olympic swimmer and world champion Mark Foster have launched a fundraising drive to help people who have become .... more>>
Ice hockey club Helsinki IFK leading the charge in creating 'new kind of recreational hub' in Finland
Ice hockey club Helsinki IFK leading the charge in creating 'new kind of recreational hub' in Finland   05 Dec 2018

Finnish ice hockey team Helsingin IFK (HIFK) are helming a development team to build what is projected to become one of Finland’s most popular leisure .... more>>
Company profile


Core Health & Fitness

Core Health & Fitness markets its products under the Star Trac®, StairMaster®, Schwinn® and Nautilus® brands.

View full profile>>

Catalogue gallery


Featured Supplier

Core Health & Fitness launch better concept in rowing

Core Health & Fitness launch better concept in rowing

Core Health & Fitness has launched a brand new HIIT rower to take on the market leader. More>>




in this issue

• Nuffield: get wellbeing into schools
• Anytime's parent company buys Basecamp
• 'Wellness hotel' for £200m leisure hub



Latest jobs

Jobs Search



Senior Aquatic Leads - 3 roles
Salary: £26,821- £30,152
Location: Cheshire, UK
Company: Everybody Sport and Recreation
Trainee Duty Manager
Salary: £8.25 per hour
Location: Bristol, UK
Company: Parkwood Leisure
Duty Manager
Salary: Circa £18,000 per annum
Location: Llantwit Major, UK
Company: Parkwood Leisure
Diary dates
Powered by leisurediary.com

15-17 Jan 2019

EAG International

ExCel London Exhibition Centre, London,



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Social good: Ivo Gormley
GoodGym founder Ivo Gormley fights back against loneliness in society More>>
  Profile: Aaron Simpson
Quintessentially is an exclusive concierge service for some of the world’s richest people. Co-founder Aaron Simpson reveals what wealthy people want More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Interview: Tony Butler
Derby Museums Trust executive director delivers social justice in museums More>>
  Gymtopia: Angels’ advocate
Gymtopia founder Ray Algar on making a difference beyond the health club walls More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd