Virgin Active Leases 4500 Sq m in Sydney CBD

The Sydney CBD already has five Fitness First gymnasiums, the AFR reports.

Virgin Active already has a CBD store in Bourke Street, Melbourne. It opened its first Australian gym at Frenchs Forest in Sydney in late 2008. It gym business network spreads across Italy, South Africa, Spain and Britain.

Managing director Mark Blackman said the company is looking t open up at least 20 more Australian facilities in coming years.

Globally, Virgin has 170 clubs with over 900,000 members.

State Street has also recently leased space at the Mid City complex – about 10,500 square metres. Other tenants in the development will include General Pants, G-Star, Politix, Portmans and Witchery.

The complex is being developed by Fortius Funds Management and Lend Lease’s Australian Prime Property Fund.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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