Topnotch Health Clubs PLC
13 November 2000
Topnotch health clubs plc
('Topnotch' or 'the Company')
Topnotch to Open Two New Health Clubs in Prestigious
Property Developments
Topnotch, the fast expanding operator of quality,
affordable health and fitness clubs that 'Dare to be
Different', is pleased to announce that it has agreed
terms to open new health and fitness clubs in two
prestigious property developments. The first club is to
be located in Tower 42, the landmark shopping, restaurant
and office development in the heart of the City of
London, and the second will be located in the new Sol
Central leisure development in central Northampton.
Both clubs will incorporate Topnotch's trademarked themed
zone concepts, including the nightclub style PowerZone
gym, the Ironworks dedicated free weights area, the
Planet Spin spinning studio and the recently developed
Chill Out Zone. In addition, each club will also offer
PT Maxx, Topnotch's personal training programme, and a
swimming pool.
Tower 42, the former Natwest Tower, is owned by Tower Ltd
Partnership with Hermes, Greycoat and Mercury Asset
Management as investors. It is the tallest building in
the City of London, housing offices, a Roux Fine Dining
Room, a Champagne bar, and various other amenities and
facilities. The new Topnotch club at the site will be
approximately 15,000 sq ft. in size. Building work will
start this month, and the club is due to open in the
Spring 2001.
Sol Central is a new leisure development which will
incorporate a hotel, a family entertainment centre, a
nightclub, restaurants and bars. The site is under
construction and on schedule for opening in Summer 2001.
Topnotch joins an impressive line up of tenants which
includes Cinemark International Limited, Howard Johnson
Hotels and The Nolans Inn Group. Sol Central will be the
first dedicated leisure development in the heart of
Northampton city centre, one of the country's fastest
growing regional cities. The Topnotch Sol Central club
will cover an area of approximately 20,000 sq. ft.
In addition to these latest agreements, Topnotch is
pleased to announce that it has agreed a new £5 million
loan facility with NatWest Bank plc. The new facility
will be used for the development of further new sites.
Matthew Harris, Chief Executive, commented: 'We are
delighted to be opening two new Topnotch clubs in such
prestigious locations. We are very excited about
bringing our innovative themed club design concept into
the heart of the City at Tower 42 and our involvement in
the Sol Central development underlines our commitment to
rolling out our innovative health club concept in large
regional centres.
'In addition, our new bank facility with NatWest
underlines our continuing acquisitive strategy, and we
will continue to explore opportunities for further
expansion by acquisition and organic growth.'
For further information, please contact:
Topnotch health clubs plc 020 8232 6802
Matthew Harris, Chief Executive
Square Mile Communications 020 7601 1000
Kevin Smith
Anna Watson