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ABERDEEN STANDARD INVESTMENTS SECURES PLANNING PERMISSION FOR FLAGSHIP UFC GYM & LEASING AGREEMENT FOR NANDO’S

17 Dec 2019

Global asset manager, Aberdeen Standard Investments has successfully secured planning consent for a major UFC gym in place of the former Toys R Us store at Reading Gateway.

Due to open in the first quarter of 2020, the gym will be operated by UFC Gym UK- an extension of the Ultimate Fighting Championship, the world's largest mixed martial arts company, who have taken a 15-year lease of the space.

Refurbishment of the large 20,773 sq ft unit, as well an additional 10,000 sq ft at mezzanine level, is soon to start and will create UFC’s third club in the UK and a flagship health and fitness centre for Thames Valley. It will offer HIIT, boxing and martial art classes, with state-of-the-art fitness equipment and a high-spec recovery area.

Nando’s have also signed a 20-year lease on a unit of 4,009 sq ft, which is due to open at the retail park on 23 January.

Peter Tomley, Deputy Fund Manager at Aberdeen Standard Investments, said: “These two lettings cement the creation of an exciting, major mixed use scheme in Reading. The addition of UFC and Nando’s, alongside the existing occupiers, including Premier Inn, Costa Coffee, Burger King, Wren Kitchens, Schmidt Kitchens and Todd Doors, creates a fantastic mix of leisure, F&B and home retailing at the park that will only continue to improve the scheme’s appeal.”

There is one unit of 4,475 sq ft remaining to be let at Reading Gateway out of a scheme of 191,000 sq ft.

Aberdeen Standard Investments
Dannielle McAllister
0131 372 2750
Dannielle.mcallister@aberdeenstandard.com

About Aberdeen Standard Investments

  • Aberdeen Standard Investments is one of Europe’s largest real estate investment managers, managing £44.5 billion of real estate assets across UK, Europe and Asia. Our dedicated team of 270 real estate investment professionals manages more than 1,600 real estate assets worldwide, and are based in 19 offices (including London, Edinburgh, Frankfurt, Paris, Stockholm, Copenhagen, Amsterdam, Hong Kong, Singapore, Boston. (30 June 2019).
  • Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients. With over 1,000 investment professionals, we manage £525.7* billion of assets worldwide. We have clients in 80 countries supported by over 40 offices globally. This ensures we are close to our clients and the markets in which we invest. (*as of 30 June 2019)
  • We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance.
  • Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange.
  • You can access the Aberdeen Standard Investments media centre here: news and media

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