July 16 2021 -
New Landmark Fitness Centre To Open At Arndale Shopping Centre
Fitness fans are in for a treat when Planet Fitness opens at Arndale Shopping Centre following a landmark lease agreement between the US’ No.1 fitness operator and mall owners Consolidated Properties Group and CVS Lane Capital Partners.
Planet Fitness has signed a 10-year lease for an 1800sqm tenancy at the Springwood centre, which recently completed a $20 million refurbishment including upgraded entries, façade and services.
The US fitness chain, which has more than 2000 locations in the US, plans to open its high-quality, low-cost fitness 24/5 gym at Arndale Shopping Centre by Christmas, 2021 after a multi-million-dollar investment with the centre’s owners.
Consolidated Properties Group Executive Director Craig O’Donnell said Planet Fitness represents a landmark leasing commitment for the centre.
“We are excited by the low-cost, high-quality fitness centre that will be available to our customers and are also looking forward to the substantial new customer traffic that will be generated as a result,” Mr O’Donnell said.
“This long-term commitment by a recognised international market leader in fitness is a ringing endorsement of the $20 million investment we have made at the centre in re-establishing it as a modern convenience centre focused on daily shopping needs.
“Planet Fitness is at the top of its game, and we look forward to them establishing a long-term successful operation at Arndale Shopping Centre for the benefit of customers and retailers.”
Tanner Halton, Managing Director of Bravo Fit Pty Ltd, which owns and operates Planet Fitness in Australia, said the company prides itself on providing a high-quality experience at an exceptional value and being home of the Judgement Free Zone®, where members experience a non-intimidating environment.
“We are excited to bring Planet Fitness to Springwood,” Mr Halton said. “PF’s large-format layout, world-class equipment and facilities, friendly staff and $5 per week memberships has been very popular with first-time gym users. The response from our Morayfield and Rothwell communities have bolstered our confidence that Planet Fitness has a bright future in Australia.
“At just $5 a week with no contract, Planet Fitness offers a mix of low membership fees and a friendly, hassle-free environment. We are making fitness fun and affordable for all Australians.”
Planet Fitness Arndale Shopping Centre will offer when it opens more than 200 state-of-the-art equipment pieces, the Planet Fitness 30-Minute Express full-body circuit, locker rooms and showers, HydroMassage beds, massage chairs, spray tanning, red light therapy and more.
The Arndale facility will be open and staffed 24 hours a day from Monday to Friday and between 7am and 7pm on Saturday and Sunday.
The new Planet Fitness lease comes as several tenants including anchor Coles commit to long-term leases.
Mr O’Donnell said he expects the small number of remaining tenancies to be filled in the coming months and urged interested retailers to get in touch with CPG.
Consolidated Properties Group and CVS Lane Capital Partners purchased Arndale Shopping Centre in October 2019.
The centre boasts 11,000sqm of floor space with 35 specialty stores anchored by Coles Supermarket.