Aberdeen Investments acquires trio of David Lloyd health and leisure clubs
Aberdeen Investments, acting on behalf of a Local Government Pension Scheme (LGPS) client, has three new David Lloyd health and fitness clubs in Cheltenham, St Neots, and Kettering for £67.32m.
The sale-and-leaseback transactions comprise three purpose-built health, fitness, and racquets clubs currently under construction. Upon completion, each asset will be leased to David Lloyd Leisure Limited on a new 30-year full repairing and insuring lease.
The clubs are expected to complete between September and November 2026, and will each extend to approximately 67,000 sq ft. They will offer a range of premium facilities, including indoor and outdoor swimming pools, gymnasiums, fitness studios, indoor tennis facilities, outdoor padel courts, spa and wellness facilities, cafés, and business lounges.
Portland Leisure Advisers acted for David Lloyd Leisure Limited. Savills and Newmark advised Aberdeen Investments.
George Trimmer, associate director in investment at Savills, said: “The health and fitness sector continues to command strong investor interest, driven by resilient operational performance and growing consumer demand for high-quality health and wellness experiences. LGPS-backed investors continue to be a significant source of capital in the investment market and remain active for high-quality assets. This transaction reflects the continued appeal of secure, long inflation-linked income streams supported by a strong covenant and market leading operator.”