World Gym brings on some muscle for their expansion plans by working with Commercial Real Estate firm, SRS Canada
04 Nov, 2015, 08:30 ET
TORONTO, Nov. 4, 2015 /CNW/ - World Gym is rapidly expanding throughout Canada, through the collaboration with Lindsay Ryder, First Vice President of SRS Canada based in Toronto and her counterparts in other provinces.
Since 1976, World Gym has been at the epicenter of the modern fitness scene. Now with 210 locations globally and 34 locations in Canada, World Gym is a leader in the industry. With 4 newly signed locations in Windsor, LaSalle, Orillia and Hamilton completed to date for 2015 and an additional 5 locations to be finalized by the end of the year, it has been a great growth year for World Gym.
"The ability to bring brands from the US to Canada and to capitalize on the constantly shifting landscape of retail real estate has never been more prevalent in our country. Lindsay has taken this opportunity and matched it with a brand that was well suited to take advantage of this with the success we are seeing in World Gym across the country." Says Shawn Saraga, Senior Vice President and Market Leader for SRS.
"With the loss of retailers such as Target and Future Shop in the last year, large affordable space has come on the market. Right now is the time for the low-cost-per-month fitness club to expand and World Gym is at the helm" says Lindsay Ryder, First Vice President of SRS Canada. "A few years ago World Gym would not have had this opportunity to expand. Now, this this year alone they are on track to secure close to 200,000 square feet of retail in Southern Ontario with expansion plans across the country in the next five years "
World Gym plans on continuing their trajectory of growth with 8-10 new locations opening annually over the next 5 years across Canada. Averaging 10,000 members per club and 2,000 workouts per day, each Canadian World Gym is changing lives in a positive way through affordable fitness.
Following the recent International Council of Shopping Centre (ICSC) in Toronto this past October 6th and 7th at the Convention Centre, it was clear to see that there was a buzz about the World Gym expansion. Many large landlords and REITS are working with World Gym to secure space in their shopping centers.
"Having a strong partnership with our real estate broker is paramount as we continue on our journey to expand throughout Canada," says Wes Hodgson, Master Franchisee of World Gym Canada. "We need someone who has strong knowledge of the markets and good relationship with both landlords and the brokerage community. We have found that with Lindsay Ryder and have been very happy with the work that we have done together to date. We know that Lindsay has our best interest at heart and have no doubt that the next few years will be nothing but success for World Gym."
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 24 offices worldwide, SRS' strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry's most influential and respected leaders. Our success is measured in the achievement of our clients' objectives, satisfaction and trust. For more information, please visit http://www.srsre.com.
SOURCE SRS Real Estate Partners
Image with caption: "Lindsay Ryder, First Vice President of SRS Canada (CNW Group/SRS Real Estate Partners)". Image available at: http://photos.newswire.ca/images/download/20151104_C5150_PHOTO_EN_536513.jpg
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