Landsec has let circa 50,000 sq ft to luxury health club operator Third Space at The O2 Centre on Finchley Road, North London.
When it opens next year, the new Third Space club will include state-of-the-art gym facilities, an extensive class programme a swimming pool and dedicated areas for health, recovery and relaxation.
Mark Warne, director of hospitality and leisure at Landsec, said: “Third Space will bring a best-in-class wellness experience to Finchley Road, helping to create a destination that people can enjoy every day. It’s an exciting first step in the wider transformation of The O2 Centre into a thriving, well-connected residential neighbourhood. With further investment committed, our longer-term vision encompasses not only a top-tier retail, dining, leisure and wellness destination, but a vibrant community designed to strengthen local connections and benefit everyone who lives, works and spends time here.”
Colin Waggett, CEO of Third Space, added: “This is a fabulous opportunity to bring Third Space to this underserved part of North London. The high quality space will allow us to create something truly special, that matches the high aspirations that Landsec have for the transformation of the wider development. We are excited to be part of it.”
Thomas Rose, co-founder of P-Three, which acted for Third Space on the deal, said: “It’s fantastic to secure another acquisition for Third Space as we continue to expand their presence across both central London and affluent residential catchments outside of Zone 1. Third Space shares in Landsec’s vision for O2 Centre and this investment plays into the growing demand for premium fitness space as people put a growing importance on health and wellbeing.”
Victoria Broadhead, director at Bruce Gillingham Pollard, which advised Landsec, added: “It’s great to be involved in the first Third Space opening within the Landsec portfolio and hope we can build on this relationship further. To give the local residents this high-class gym on their doorstep will really transform the scheme and area as a whole.”
