Retail Property News

Aberdeen Investments acquires trio of David Lloyd health and leisure clubs

3rd August 2026

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 […]

Oliver Bonas to make retail park debut at pair of British Land schemes

31st July 2026

Oliver Bonas is set to open its first retail park locations at British Land’s Glasgow Fort and Teesside Park. The British lifestyle retailer has agreed a lease for a 2,800 sq ft unit at Glasgow Fort, with the store set to open in September. The Teesside Park store will span 3,190 sq ft and will open later in the autumn. British Land said the arrival reflects its hands-on asset management strategy, which is focused on continued evolution towards a more diverse, experience-led retail mix. Over the past 12 months, British Land has secured 42,290 sq ft of lettings at Teesside Park, while at Glasgow Fort, this latest letting follows a period of exceptional performance, with the destination achieving record visitor numbers and an 8% year-on-year increase in footfall in the last 12 months. Matthew Reed, head of retail park asset management at British Land, said: “Oliver Bonas is a brand with a very clear identity and a loyal following, so their decision to open at both Glasgow Fort and Teesside Park speaks volumes about the strength of our regional destinations and the opportunity they offer. As a well-established national retailer, Oliver Bonas adds real depth to our line-up and further strengthens our lifestyle proposition. Their move also highlights the continued strength of the retail park format, with brands increasingly recognising the benefits of these well-connected, high-performing destinations.  “We’re always looking at how […]