Brisbane

World Gym muscles into Bundaberg with 10-year lease

Global fitness brand, World Gym, has continued to expand its offering in Australia by securing its newest facility in Regional Queensland. World Gym has established a ‘cult fitness following’ around the world and has been steadily increasing its presence in Australia.

26 Mar 2018

Global fitness brand, World Gym, has continued to expand its offering in Australia by securing its newest facility in Regional Queensland.  World Gym has established a ‘cult fitness following’ around the world and has been steadily increasing its presence in Australia. 

The fitness giant, which has more than 215 locations in 22 countries, including some 22 in Australia, has secured the final 1,076sqm tenancy in the ex-Sam’s Warehouse building at 7 Johanna Boulevard in Bundaberg, joining Road Tech Marine and Choice Discount Variety in the centre. 

Located directly opposite Bunnings Warehouse, and close to a multitude of other major national brands such as BCF, The Good Guys, Super Amart, Pillow Talk, Petbarn and Rebel Sport, the property provides excellent exposure to the core retail showroom precinct in Bundaberg and offers a high level of onsite car parking.

CBRE’s Andrew Brimson, who negotiated the 10-year lease, commented on the transaction: ”We conducted a gap analysis for the Bundaberg market and identified that the catchment lacked a premium, full-service health club facility.  On that basis, we presented the opportunity to World Gym who capitalised on the opportunity to secure a prime and strategic position in the region, and we are delighted to have assisted both World Gym and the landlord in this transaction.”

Mr Brimson said, “the fundamental economic indicators for Regional Queensland have seen improvement over the last six to 12 months and this has resulted in stronger retail trading conditions for businesses in these areas.  On the ground, this has started driving increased interest for stock in these Regional Queensland and we expect this trend to continue and tenants seek to take advantage of improved conditions."

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.