LONDON, 17 September 2019 – CBRE Global Investors has today announced that unique London-based operator Frame will be launching a 5,200 sq ft fitness studio in the newly created bespoke basement space at Angel Central in December 2019.
Founded in 2009 by Pip Black and Joan Murphy, Frame is a one-stop shop for all things health and fitness, with six existing locations across London. At Angel Central there will be three studios, each with a distinct offer: one for Barre, Yoga and Dance; one for Reformer Pilates; and one for HIIT and Strength training. The brand is a pioneer in class-based fitness, launched under the mantra that ‘getting fit should never be a chore’ and operating a more flexible ‘drop-in and pay-as-you-go’ model.
Frame is the latest leisure addition to Angel Central, which is currently being transformed with an £11m investment, part of an overall masterplan to improve the offer and positioning of the Centre. This extensive refurbishment will solidify Angel Central as a destination, bolstered by new retail, food and drink outlets, and leisure operators. The Angel Wings will remain an iconic feature alongside an enhanced public realm as part of the refurbishment project by CBRE Global Investors.
Commenting on the Frame signing, Laura Wilson-Brown, Head of Asset Management UK at CBRE Global Investors, said: “Frame has had great success across London with their unique approach to fitness, and they are well-known for energetic and fun-filled classes. We are keen to establish Angel Central as a complete destination for visitors, and adding a gym and fitness studio to our fantastic existing retail, food and drink, and leisure operators – including Vue’s enhanced site and the O2 Academy – will help us achieve this.”
Pip Black, Co-Founder of Frame, added: “Angel Central is the perfect next step for Frame, a great location with a very strong footfall and a great range of shops, restaurants and alternative leisure offers. Our fitness concept is very different from the traditional brands, and we feel our ethos – putting ‘feeling good’ at the heart of our offer – will go down well in Angel, with roughly 300 classes a week to choose from across the three studios, including MumHood classes aimed at pre and postnatal mothers.”
This follows the news that Vue Cinema has extended its lease at Angel Central, plus the announcement that Japanese clothing retailer Uniqlo has signed as the anchor tenant, with a brand new, purpose-built store set to open in October 2019.
CBRE acted for Angel Central, Insight Retail represented Frame.
*CACI’s Retail Footprint 2016
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About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $106.7 billion in assets under management* as of June 30, 2019. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2018 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.