Generation Ltd has signed The Gym Group plc to its iconic Toast Rack scheme in Fallowfield, Manchester on a 15 year lease. The gym occupies 20,000 sq ft (1,858 sq m) of refurbished space on all four floors of the central ‘drum’ building overlooked by the Toast Rack and originally occupied by the Hollings Library.
With capacity for up to 5,000 members, the new gym is their 4th largest in the UK, and provides flexible, low cost, no-contract memberships with 24/7 access to high quality facilities and equipment from £13.99 per month and is already proving very popular with the local community since opening this month. The much anticipated Toast Rack Gym hit its membership target before its official opening date, becoming one of the fastest uptakes of any of The Gym Group’s recent openings.
The wider Toast Rack scheme will see 210 high specification ‘build to rent’ apartments being delivered as part of the redevelopment of Manchester Metropolitan University Hollings Campus.
Co-founder of Generation Ltd Shehzad Chaudhri said:
“The Gym Group is the first phase of The Toast Rack development and forms part of a fully integrated community ‘build to rent’ development which is complemented by The Gym Group’s commitment.
“The Toast Rack will be a unique proposition in this area of south Manchester which has a vibrant community and we anticipate demand being high for the residential apartments. The development will have the facilities and amenities one would normally associate with exceptional city centre developments but within a four acre setting of landscaped gardens in a very popular and well connected suburban location.”
Adam Robson, Director at AKM Property, who acted on behalf of The Gym Group signing up to The Toast Rack said:
“The Gym Group is very much looking forward to opening its doors to the public this spring. The Toast Rack is a landmark building within Manchester and The Gym Group is pleased to have secured a unique unit in the former library which occupies a prominent position within Fallowfield and catering for the needs of a diverse demographic of users within the local area.”
Zerum Group is Generation’s project manager and Ollier Smurthwaite and SixTwo are jointly appointed architects on the Toast Rack scheme.
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