Ambitious Yorkshire Firm Chooses Norwich As Third Location
Yorkshire-based Gravity Fitness expects its latest indoor trampoline park to be open and ready for business by April this year after signing up to a 15 year lease at Riverside Entertainment in Norwich.
The Bridlington leisure company has agreed a lease for a 30,693 sq ft (2,851 sq m) site and has confirmed it is on the lookout for additional spaces in other high footfall locations.
Its other sites are at Lockmeadow Entertainment Centre in Maidstone and Xscape in Castleford.
Harvey Jenkinson of Gravity Fitness Limited comments: “Our first park in Castleford is performing exceptionally well and the very successful opening weekend in Maidstone created a 35% increase in footfall for other leisure operators at the site. We have already seen customers travelling from all across the county to bounce with us and are excited to continue our expansion in 2016.”
Gravity was again advised by the real estate team at the Leeds office of law firm Irwin Mitchell.
Expert Opinion“Gravity is going from strength to strength and taking advantage of the growth in demand for trampoline parks. We are delighted to advise on this third deal for the company and look forward to seeing the company progress in the future.” James Knowles - Partner
International real estate advisor, Savills, represented Gravity and has also been instructed to source new sites.
Steve Henderson, retail director at Savills, said: “Trampoline parks are adding a new and exciting dimension to the UK leisure scene after becoming hugely popular in the US. We are pleased to have secured Gravity’s third venue and currently have a further three under offer, with plans to acquire several more sites across the UK in 2016 and 2017.”