Fladgate advises Otium Real Estate on major leisure letting
Fladgate LLP has advised Otium Real Estate, led by Ashley Blake, on the reletting of the ex-Buzz Bingo unit on Robin Leisure Park Anjou Boulevard Wigan. Following a CVA in August 2020, Buzz Bingo, an anchor tenant of the park, Otium has re-let Unit 4 (25,353 sqft) on a new 15 year lease to Club 3000 Bingo, the 3rd largest operator in the UK which has 20 bingo clubs.
Club 3000 Bingo will be taking possession in November and is investing £1.5m in a complete refurbishment of the unit. Club 3000 Bingo will be a significant new employer in the Wigan area, creating 40 jobs, supporting the local economy.
This will be the first Buzz unit re-let in the UK and the transaction was completed in strict confidence within a 4 week timescale.
Relationship partner and head of real estate Stephen Lewis commented “We are delighted to have advised our long standing client Otium on this exciting letting which in turn creates jobs and a boost to the economy in the Wigan area. This transaction continues to build on Otium’s existing portfolio and deliver returns to their investors.”
Ashley Blake, CEO of Otium Real Estate “Club 3000 are a experienced operator who will be a major new anchor for Robin Leisure Park. This letting in such difficult times, shows the strength of the local Wigan catchment and the location. Their new fit-out will be extensive and are we excited about their opening next March.”
The Fladgate team comprised head of real estate Stephen Lewis and real estate senior associate Roland Brandman. Tees Law acted for the tenant.
Montagu Evans acted for Club 3000 and Otium represented themselves.
