David Lloyd Leisure, a prominent health, sport, and leisure group, has announced a significant expansion with the opening of new clubs in the United Kingdom, Spain, and Italy. This growth reflects the company's strategy to broaden its presence in key European markets while strengthening its domestic footprint.
The expansion includes a new state-of-the-art facility in Shawfair, Midlothian, representing a £15.5 million investment. Simultaneously, the company has acquired several new sites across Europe, including the prestigious El Club a 100 metros in Barcelona, further solidifying its position as a leading operator in the wellness sector.
Key Takeaways
- David Lloyd Leisure is expanding its club portfolio in the UK, Spain, and Italy.
- A new £15.5 million club is set to open in Shawfair, Midlothian, Scotland, creating 80 new jobs.
- The company has acquired three clubs in Spain and two in Italy, increasing its international presence.
- These acquisitions bring David Lloyd's total number of clubs to 133 across nine countries.
- The expansion is supported by a new five-year, £200 million loan facility to fund future growth.
Strategic Growth in the UK Market
David Lloyd Leisure is continuing its investment within the United Kingdom with the development of a new club in Shawfair, Midlothian. This project marks the group's third location in Scotland and its 103rd club in the UK.
The Shawfair facility represents a substantial investment of £15.5 million. The club is designed to be a comprehensive wellness destination for families, featuring a wide array of amenities spread across a large site.
Shawfair Club Features and Community Impact
The new club will offer extensive facilities aimed at catering to a diverse membership base. Key features of the Shawfair location are set to include:
- A 100+ station gym with modern equipment.
- Dedicated studios for High-Intensity Interval Training (HIIT), cycling, and mind-body wellness.
- Indoor and outdoor swimming pools.
- Spa facilities, including a sauna, steam room, and hydro pool.
- Racquet sports courts for tennis, padel, and squash.
- A Clubroom for dining and social activities.
According to the company, the development is expected to generate approximately 80 new jobs in the local Midlothian area. This will provide employment opportunities across various roles, from fitness instruction and hospitality to facility management. Construction is scheduled to begin in early 2024, with a projected opening in late 2024.
Who is David Lloyd Leisure?
Founded in 1982, David Lloyd Leisure has grown into one of Europe's leading health and wellness groups. The company operates clubs that typically offer a premium, family-oriented experience, combining fitness facilities with racquet sports, swimming pools, and social spaces. The group is owned by TDR Capital.
European Expansion Continues
Alongside its UK development, David Lloyd has been actively pursuing growth opportunities across mainland Europe. The company recently completed the acquisition of several established clubs in Spain and Italy, demonstrating a clear focus on these markets.
This international expansion is a core component of the company's long-term strategy. By acquiring existing clubs, David Lloyd can integrate them into its network, applying its operational model and brand standards to established member bases.
Acquisitions in Spain
In Spain, David Lloyd has significantly increased its portfolio by acquiring three new sites. These include two locations in the Madrid area and one in Barcelona.
The most notable acquisition is El Club a 100 metros in Barcelona, a well-regarded facility known for its high-quality amenities. The other two Spanish acquisitions are the Serrano 240 Sports Club and La Finca, both located in Madrid. These additions bring the total number of David Lloyd clubs in Spain to seven.
New Clubs in Italy
The company also expanded its Italian operations with the acquisition of two clubs. These are the Malaspina Club near Milan and the Forte Village in Sardinia. These acquisitions double David Lloyd's presence in Italy, bringing its total to four clubs in the country.
David Lloyd's Global Reach
With these latest acquisitions, David Lloyd Leisure now operates a total of 133 clubs. This portfolio is spread across nine countries, including the UK, Ireland, Spain, Italy, France, Germany, Belgium, the Netherlands, and Switzerland.
Financial Backing for Future Growth
The company's ambitious expansion plans are supported by a strong financial foundation. David Lloyd recently secured a new five-year loan facility worth £200 million.
This funding arrangement was provided by a syndicate of four banks: Lloyds Bank, Fifth Third Bank, Allied Irish Bank, and Santander. According to company statements, this capital is earmarked specifically for funding the acquisition and development of new sites, both in the UK and internationally.
"Our recent acquisitions in Spain and Italy, plus our new build in Shawfair, are a testament to our ambitious growth plans and our mission to be the leading premium-quality wellness destination for families and individuals," said Russell Barnes, CEO of David Lloyd Leisure.
Barnes also highlighted the company's strong performance, noting that it has emerged from the challenges of recent years in a powerful position. The new funding provides the necessary backing to continue executing its growth strategy and investing in its existing club network.
The Evolving Wellness Industry
David Lloyd's expansion occurs within a dynamic and growing global wellness market. Post-pandemic, there has been a heightened consumer focus on health, fitness, and mental well-being. Consumers are increasingly seeking comprehensive wellness experiences that go beyond a simple gym membership.
The company's model, which integrates fitness, sports, relaxation, and social elements, is well-positioned to meet this demand. By offering facilities for the entire family, David Lloyd appeals to a broad demographic seeking a community-focused environment.
The addition of sports like padel, which is rapidly growing in popularity across Europe, shows an awareness of current trends. The investment in high-quality spa and relaxation areas also caters to the growing demand for mental wellness and recovery services. This strategic approach suggests the company is adapting to the evolving needs of the modern wellness consumer, which is a key factor in its continued expansion.
