Nectar Asset Management has entered into an agreement with a group of private Danish investors to provide investment, asset, and property management of a fitness property located in Worcester.
The property is operated by Nuffield Health, one of the UK’s largest health charities, and is located on Droitwich Road, approximately 4km north of Worcester town centre.
Thomas Borg, Nectar’s Danish Director comments “Nectar has been heavily involved in the fitness property sector during the last 12 months, and the property in Worcester fits in well with our skills in this segment. The gym industry has faced many challenges recently with some of the largest operators facing financial difficulties, such as LA Fitness, Total Fitness and Fitness First. The tough economic times call for creative solutions from managers, and require a much deeper involvement from the landlords in the day-to-day operations of the tenants”