A fast expanding gym business is the latest tenant to sign up to a landmark Burnley office building in a deal secured by Napthens solicitors.
Xercise4Less, founded in Leeds in 2006 by former professional rugby player Jon Wright, has taken a major lease for 37,000 sq ft of space in Kingsway House in the town centre.
Kingsway House is the former home of retail business Shop Direct, which closed the site in 2010, and is now owned by property investment business East Lancs Regeneration Ltd.
Xercise4Less joins existing tenant, specialist business Fuel Card Services in the major town centre site.
Planning permission has already been granted for gymnasium use of the property’s ground and first floors. Plans are now in place for a coffee shop chain to take space in the building, and the top floor of Kingsway House is still being marketed.
Xercise4Less announced earlier this year it would open 15 sites across the UK after securing a multi-million-pound funding package, with plans for 100 gyms in five years creating as many as 4,000 jobs.
The business markets itself as a ‘value brand’ with no compromise customer service, and fully staffed, first-class facilities.
East Lancs Regeneration Ltd was advised on the lease by David Hill, partner in the Commercial Property team at Napthens solicitors’ Blackburn office.
David Hill said: “This is a prime site in Burnley town centre, and there has been a range of speculation about potential uses.
“Xercise4Less is a great business concept that has really caught the imagination of the public and investors, and it’s good to see Burnley chosen to benefit from investment in this way.”