Sale and Leaseback of David Lloyd Emersons Green
December 16, 2020
On behalf of David Lloyd Leisure, Coffer Corporate Leisure has completed the sale and leaseback of the David Lloyd Health and Racquets Club in Emersons Green, Bristol.
David Lloyd Emersons Green is David Lloyd’s latest facility and comprises a 62,500 sq ft purpose-built luxury racquets, health and fitness club. The club, which opened in November 2018, has premium facilities including a state-of-the-art gym, indoor and outdoor tennis courts, a 3 court sports hall, indoor and outdoor swimming pools, as well as an indoor spa and an outdoor spa garden. The Club also benefits from a 235 space car park. The property is to be let on a new commercial lease for a term of 30 years.
Directly opposite the Club is Emersons Green Retail Park, an 85,000 sq ft retail scheme, and is conveniently located moments from the entrance to the Lyde Green development – one of Bristol’s biggest new housing developments. Once completed, the development will see the creation of more than 400 new homes, meaning the Club is well placed to build on its successful opening.
Lewis & Partners and JLL acted for the purchaser. Coffer Corporate Leisure acted for David Lloyd Leisure. The terms of the transaction are confidential