NEW HQ FOR LEISURE VENUE OPERATOR

A leisure venue operator which secured a £30m investment earlier this year to support expansion has relocated to a new head office in West Yorkshire.

Gravity Fitness Ltd has taken 6,683 sq ft of office space at 2 Burgage Square at Merchant Gate in Wakefield on a five-year lease.

The deal means that the office space at Merchant Gate is now fully let.

Gravity, which launched as a trampoline park operation in 2014 next to the indoor ski slope Xscape at Castleford, secured a £30m investment earlier this year to support its growth plans.

The company now has a turnover of £27m, and is bringing a host of indoor leisure activities to 17 locations nationwide.

Harvey Jenkinson, co-founder of Gravity, which is relocating from Colorado Way at the Junction 32 development in Castleford next month, said: "Wakefield is the perfect base for a head office from a recruitment and logistical standpoint. Our new offices are about 50m away from Wakefield Westgate, which is main arterial route from Leeds to London.

"We are also expanding. This move will help our drive for growth. We currently have 50 staff and hope to recruit a further ten by the end of this year."

The Leeds offices of global property consultancies Knight Frank and JLL advised the landlords, while Savills advised Gravity.

Victoria Harris, of Knight Frank, said: "The decision by such an innovative and successful company as Gravity to move their head office to Merchant Gate is a ringing endorsement of this magnificent development.

"The regeneration of Merchant Gate has provided a timely boost to Wakefield's economy and has underlined the city's importance and attraction as a strategic location for prime office, retail and leisure occupiers.

"Gravity's move will drive economic and social prosperity in this proud and historic city, and be a boost to the local community, which is massively important right now. Merchant Gate, and strategic schemes like it in the city, are changing people's perceptions of Wakefield."

More information and source here: New HQ for leisure venue operator | Yorkshire Property News (insidermedia.com)