Sport, parks and leisure - Leisure trust Life Leisure makes move into facility ownership...
22 Feb 2019 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
ukactive CEO Steven Ward to step down
ukactive CEO Steven Ward to step down   21 Feb 2019

Steven Ward will step down from his role as ukactive CEO in April 2019, after more than 12 years with the organisation. Ward is leaving to take up .... more>>
Sport Ireland to invest €32m across grassroots and elite sport in 2019
Sport Ireland to invest €32m across grassroots and elite sport in 2019   21 Feb 2019

Sport Ireland will invest €32m in national governing bodies, direct athlete support and the Local Sports Partnership Network (LSP) during 2019. The .... more>>
Scotland's Active Schools programme reaches a record number of children
Scotland's Active Schools programme reaches a record number of children   20 Feb 2019

Latest figures from the Active Schools programme in Scotland show that the number of children taking part in the initiative increased by 5 per cent .... more>>
EFL boss Shaun Harvey steps down
EFL boss Shaun Harvey steps down   19 Feb 2019

Shaun Harvey has revealed plans to step down from his position as CEO of the EFL (English Football League) at the end of the season. Harvey, who has .... more>>
Saudi crown prince denies £3.8bn Man Utd takeover bid
Saudi crown prince denies £3.8bn Man Utd takeover bid   18 Feb 2019

Saudi Arabia's crown prince Mohammad bin Salman has denied he is planning to launch a takeover bid for English Premier League club Manchester United. .... more>>
Company profile


Precor

Precor is part of the Amer Sports Corporation, with other internationally recognised brands including Wilson, Atomic, Suunto and Salomon.

View full profile>>

Catalogue gallery


Featured Supplier

EXF supports Third Space to create London’s largest functional training space at The Yard

EXF supports Third Space to create London’s largest functional training space at The Yard

Bespoke fitness manufacturer EXF has extended its relationship with Third Space, by supplying the luxury fitness group with London’s largest functional training rig at its Canary Wharf club. More>>




in this issue

• UK Sport relaxes 'no compromise' stance
• Orangetheory hits billion revenue landmark
• Thameside manor resort gets green light



Latest jobs

Jobs Search



Personal Trainer
Location: London, England
Company: The Gym Group
Personal Trainer - East London
Location: London, England
Company: The Gym Group
Duty Officer
Salary: £26,243 to £29,515 pa
Location: Falmer, Brighton, UK
Company: University of Brighton
Diary dates
Powered by leisurediary.com




24-25 Feb 2019

International Manufacturers & Distributors Forum

ExCeL, London, United Kingdom



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Editor’s letter: Mental health
Liz Terry shares her thoughts More>>
  Tourism: Transforming Istria
In Istria, Croatia, tourism firm Maistra is changing the face of hospitality in the region, with a series of intriguing design-led hotels. As its most ambitious hotel project takes shape, Professor Terry Stevens finds out more More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Thermal Spa: Taking the waters
Magali Robathan met the key people behind the Gainsborough Bath Spa 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