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David Lloyd Accelerates Its Expansion As It Adds Three More Clubs To Its Portfolio

David Lloyd Leisure announces that it has acquired health, fitness and racquets clubs ABC Serrano and La Finca in Madrid.

The news comes as it opened the doors to its new build club David Lloyd Bicester, which welcomed its first new members on Tuesday 20 September.

Europe’s largest health and fitness group now operates 130 clubs, with 101 UK clubs and 29 in mainland Europe and continues to look for further acquisition and new build opportunities throughout Europe.

Fitness trainer at david lloyd gyms
© David Lloyd

The group helps members to live life better with a focus on physical and mental well-being and a sense of belonging. 

Each new opening will see team members and members collaborate to make a positive impact on the local communities and environment where they are based.

It plans to invest over €10 million into upgrading the two new clubs in the Spanish capital, firmly positioning it as the leading health and fitness group in the region. 

Earlier this year David Lloyd Leisure acquired the former Club Santana site in Las Lomas, Madrid which it plans to refurbish and reopen by 2024.  

Once open, the club at Las Lomas will become the eighth operating club for the group in Spain.  David Lloyd Leisure acquired its first club at Turo, Barcelona, and in 2017 successfully built and opened its first Madrid club in Aravaca.  

Last year it acquired three further clubs at Gava Mar near Barcelona, Malaga and Zaragoza from Grupo Accura.  

La Finca is a spacious health and fitness club, located in a suburban area 20 minutes west of Madrid city centre, and will be transformed to offer a wide range of family-focused health, fitness and racquets facilities.

It is complemented by city centre-located ABC Serrano club which occupies a prime site on four floors above the Centro Commercial ABC Serrano and will target affluent city professionals looking for high-end fitness and wellness facilities closer to their workplace.  

The investment work in both clubs is planned to start next year, during which time they will remain open to members. 

David Lloyd Bicester, Oxfordshire opened on 20 September 2022 and was forward-funded by Knight Frank Investment Manager (KFIM) and is the first of a new generation of clubs incorporating more green technology and a broader range of facilities such as padel tennis and additional space for outdoor group exercise. 

Earlier this year David Lloyd Leisure opened David Lloyd Cricklewood after a £5.5m investment in an existing site.

In addition, it is to open a further two new build clubs in the UK in the next two years.  Construction on David Lloyd Shawfair, near Edinburgh, is underway with its opening planned for mid-2023.

Funded with Scottish investment company Abrdn, this will be the operator’s third club in the Edinburgh area.  June 2022 also saw work start on a new club in Warwickshire, David Lloyd Rugby, which is due to open in late spring 2022.

Earlier this year it also acquired Z2 in Modena which is its second club in Italy, in addition to David Lloyd Malaspina in Milan.

Glenn Earlam, David Lloyd Leisure’s Executive Chairman said: “The pandemic has certainly brought challenges for our industry, but with it has brought the opportunity for growth and acquisition, and we look forward to bringing our world-class facilities and expertise to new markets. 

Our members say their physical and mental wellbeing has never been more important to them. We have ambitious plans in place to grow and invest in the business and are open to discussions with property owners in the UK or mainland Europe looking to sell or collaborate.”

See www.davidlloyd.co.uk for more information.

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