Transactions
Below are some of the transactions where C J White Associates Ltd has played a key role.
Acquired Golden Touch, Sheffield, for City Gaming Ltd to add to their growing portfolio
Acting on behalf of City Gaming Ltd, the UK's fastest growing operator of slots clubs and lounges operating as Game Nation, City Slots, Palace Amusements, Play2Win, Vegas Gold and under other brands, we have successfully acquired Golden Touch AGC in Sheffield to add to the other sites acquired in February 2021. These were acquired from SAL AGC Limited.
Lease Negotiations Completed for Kidspace, Romford
Acting on behalf of Kidspace Romford Ltd we negotiated a new 10 year lease of these premises to secure the future of this venue which also makes allowances for the trading interruption caused by Covid 19.
Acquired Southern City Leisure's portfolio for City Gaming Ltd
Acting on behalf of City Gaming Ltd, the UK's fastest growing operator of slots clubs and lounges operating as Game Nation, City Slots, Palace Amusements, Play2Win, Vegas Gold and under other brands, they have venues across London, the South East and the Midlands. We have successfully acquired Southern City Leisure portfolio trading as Golden Touch. This group of 11 AGC’s mostly located in Hampshire comprise a prime group of arcades
Lease Negotiations Completed for Atlantic Bowl, Altrincham
Acting on behalf of Stanhope House Leisure Ltd we negotiated a re-gearing of the lease with their landlord involving an extension of the lease combined with much improved rental terms to reflect the Covid 19 issues which will enable our client to weather the forced closure of the centre.
Lease Surrender Secured in Hunstanton
C J White Associates have negotiated a surrender of the fish and chip and retail unit on behalf of the landlord, C.H.S. (Amusements) Ltd forming part of the CHS Family Entertainment Centre. The landlord plans to refurbish the units and incorporate the space into the FEC.
Lease Negotiation for the Relocation of The Big Apple FEC in Woking
CJ White Associates acted for South of England Leisure Ltd who are a national tenpin bowling and FEC operator to secure a new 15 year lease of the Red Car Park Site, Woking subject to completion of the purpose built development with car park above which is underway to house the relocation of the Big Apple, Woking. We negotiated the new lease with Victoria Square Woking Limited who are investing in the town centre retail offering. The FEC is due to open in late 2021.
Cosmo Bingo, Eccles, Manchester sold to Boyle Sports (UK) Ltd
Specialist leisure agency, C J White Associates Ltd, managed the marketing of this business which was purchased by Boyle Sports (UK)Ltd off an asking price of £1.75 million.
Halls Arcade, Chapel St Leonards, Skegness sold to Independant Operator
C J White Associates have successfully sold yet another Family Entertainment Centre which was purchased by an independent operator off an asking price of £950,000.
AGC in Hastings, East Sussex sold to The Godden Gaming Organisation
Specialist leisure agency, C J White Associates Ltd, managed the marketing of this business which was purchased by The Godden Gaming Organisation Limited off an asking price of £895,000.
Cosmo Bingo, Stalybridge, Greater Manchester Sold to Boyle Sports (UK) Ltd
Specialist leisure agency, C J White Associates Ltd, managed the marketing of this business which was purchased by Boyle Sports (UK)Ltd off an asking price of £1.75 million.
Jubilee Leisure Park, Thornton-Cleveleys, Lancashire leased to JD Gyms
C J White Associates Ltd, successfully marketed this leisure space located on the Jubilee Leisure Park in the suburbs of Blackpool and secured a letting to JD Gyms which will be their 25th site in their portfolio opening later this year. The property extends to approximately 1,852 (19,935 sq ft) sq ft gross internal area on ground and mezzanine floors and is located adjacent to the Vue cinema. The premises were let close to the asking rent of £95,000 pa.
Fortunes Casino Slots, Eastbourne, sold to Luxury Leisure Ltd
Specialist leisure agency, C J White Associates Ltd, managed the marketing of this business which was purchased by Luxury Leisure Ltd off an asking price of £575,000.
Hounslow Heath Golf Club Acquired for Hobbledown (Hounslow) Ltd
We have successfully acquired for Hobbledown (Hounslow) Ltd a long leasehold interest in this golf course site which has planning consent to develop an indoor and outdoor children’s play centre which will be known as Hobbledown Heath (http://hobblersheath.com/) to add to the existing and very successful Hobbledown in Epsom. This client also operates Kidspace indoor children’s soft play in Croydon and Romford. The company will be investing in the order of £11m to develop out the scheme which secured planning consent in 2017.
Secured a new site for Stanhope House Leisure Ltd in Altrincham
CJ White Associates have successfully negotiated a lease of this site for Stanhope House Leisure Ltd who have been looking to add to their existing 10 pin bowling centres in Mansfield and Chesterfield.
Secured a new site for Club 3000 in Blackpool
CJ White Associates have successfully negotiated a lease of this site for Bingo 3000 who have identified demand for a new purpose-built bingo facility in Blackpool. Investment will be circa £4m and will include the employment of a large number of new staff.
Acquired Bishop Stortford Bowl, under a new lease for Fraser Capital Investments Ltd
CJ White Associates have successfully acquired this 15,729sft bowling centre on a new lease for Fraser Capital Investments Ltd who also operate the Bacchus wine bar in the scheme. Investment will be circa £1m and they are a new operator into the sector interested in securing further sites nationally.
Negotiated a new lease for Bacchus Bar, Bishop Stortford
We have negotiated the surrender and re grant of a new 18-year lease for this existing quality venue for Breeze Bars Ltd which will facilitate further investment into the late-night venue. Bacchus is the premier night spot in the whole of East Herts. Opened in June 2011. Bacchus has gone on to establish itself as the place to be and be seen in and the home of live sport in Bishops Stortford.
Negotiated a lease for Adventure Leisure Leisure to develop adventure golf in Tonbridge, Kent
CJ White Associates acting for Adventure Leisure Ltd (ALL), a subsidiary of Burhill Group Ltd owned by the Guinness family, has secured a new 10-year lease of approximately 2,000 sq m of land located at Tonbridge Golf Centre, Kent. where ALL will develop their 7th Mr Mulligan's 18-hole adventure golf course. It is due to open in spring 2017 in time for the summer season and will complement the existing driving range and par 3 golf course.
Carrefour Health & Beauty, Norwich, sold to Bannatyne Group
Specialist leisure agency C J White Associates Ltd on behalf of GDEZ Property Ltd has secured the sale of this modern full service health club to Bannatyne Group, one of the leading operators in the sector. It was sold within two months of being offered to the market.
Carousel FEC, Fantasy Island, in Ingoldmells, sold to Mellor Group
Specialist leisure agency, C J White Associates Ltd, managed the marketing of this business which was purchased by the landlord, the Mellor Group off an asking price of £1.5 million.
Horsham Superbowl located in Surrey sold to Horsham District Council
Specialist leisure agency, C J White Associates Ltd, has negotiated the surrender of American Amusements Ltd. head lease for a substantial premium to the landlord, Horsham District Council.
Colin White, Director of C J White Associates Ltd, who acted on behalf of the tenant American Amusements Ltd comments, “We are delighted that we have been able to negotiate the surrender of our clients interest in what is the second transaction we have completed for American Amusements Ltd. in 2016.
Colin White, Director of C J White Associates Ltd, who acted on behalf of the tenant American Amusements Ltd comments, “We are delighted that we have been able to negotiate the surrender of our clients interest in what is the second transaction we have completed for American Amusements Ltd. in 2016.
The Flamingo FEC and Flamingo Amusement Park located in Hastings sold to Luxury Leisure Ltd
Specialist leisure agency C J White Associates Ltd has secured the sale of this prime FEC and amusement park to Luxury Leisure, a leading operator in the sector who acquired the Noble portfolio in 2014. The business was sold with the benefit of a new lease and a sublease of the adjoining property to Flamingo Park Limited.
Colin White who acted on behalf of the vendor, Stade Developments (Hastings) Ltd comments, “We are delighted that we have been able to secure the sale of this prime FEC in Hastings to one of the leading group operators in the sector. We are now urgently seeking FEC opportunities for our client to reinvest in the south west.”
Colin White who acted on behalf of the vendor, Stade Developments (Hastings) Ltd comments, “We are delighted that we have been able to secure the sale of this prime FEC in Hastings to one of the leading group operators in the sector. We are now urgently seeking FEC opportunities for our client to reinvest in the south west.”
Secured a new Lease for Wokingham Superbowl for American Amusements Ltd
CJ White Associates acted for American Amusements Ltd who are a national tenpin bowling and FEC operator to secure a new 40 year lease of a purpose built building to house the relocation of Wokingham Superbowl. We negotiated the new lease with Wokingham Borough Council which forms part of the Carnival Pool regeneration scheme. The site will also see a new town centre 529 space car park developed alongside the existing Carnival Pool Leosure Centre and Burger King.
Five Star Amusements AGC located in Exeter city centre sold to Luxury Leisure
Specialist leisure agency C J White Associates Ltd has secured the sale of this AGC to Luxury Leisure, a leading operator in the sector who operate the Noble portfolio and were acquired by the Novomatic Group last year. The centre was sold on a new 15 year lease at a rent of £28,000 per annum off an asking price of offers in excess of £100,000.
The AGC is located in a prime location within the city centre adjacent to the Mecca Bingo club with a full machine inventory and AGC benefiting from an AGC premises licence. It has been in the same ownership for over 30 years and has maintained consistently high levels of service and consequently has a loyal clientele.
Colin White who acted on behalf of the vendor Latgreen Ltd comments, “We are delighted that we have been able to secure the sale of this prime AGC in the centre of Exeter to one of the leading group operators in the sector. It shows that the sector is active where the asking price is realistic which resulted in high demand.”
Tom Allison, MD of Luxury Leisure Ltd comments, 'We have a strategy to grow the business by acquiring further AGC’s nationally and this prime AGC with potential for refurbishment suits the portfolio well. We remain keen to look at further good quality opportunities.'
The AGC is located in a prime location within the city centre adjacent to the Mecca Bingo club with a full machine inventory and AGC benefiting from an AGC premises licence. It has been in the same ownership for over 30 years and has maintained consistently high levels of service and consequently has a loyal clientele.
Colin White who acted on behalf of the vendor Latgreen Ltd comments, “We are delighted that we have been able to secure the sale of this prime AGC in the centre of Exeter to one of the leading group operators in the sector. It shows that the sector is active where the asking price is realistic which resulted in high demand.”
Tom Allison, MD of Luxury Leisure Ltd comments, 'We have a strategy to grow the business by acquiring further AGC’s nationally and this prime AGC with potential for refurbishment suits the portfolio well. We remain keen to look at further good quality opportunities.'
Xpect Health and Fitness Club in Braintree acquired for Bannatyne Fitness
C J White Associates are proud to announce another successful transaction and has acquired the “Xpect” Health and Fitness Club in Braintree, with about 2,400 members for Bannatyne Fitness Ltd, off an asking price of £2.85m. The freehold club which opened in 2003 is a full service club with pool, café , spa, steam, sauna, crèche, spinning and aerobics studios and large CV and resistance/free weights gyms arranged over about 20,000 sq ft on a 3.4 acre site with car parking. Further details attached.
We have since been retained by Bannatyne Fitness to acquire further mid-market clubs nationwide.
We have since been retained by Bannatyne Fitness to acquire further mid-market clubs nationwide.
Old Town Amusements family entertainment centre sold to Luxury Leisure Ltd
C J White Associates Ltd has secured the sale of this freehold FEC located in a prime location in Hastings Old Town to Luxury Leisure Ltd (a subsidiary of Novomatic), a leading operator in the sector.
We sold this on behalf of our client Stade Developments (Hastings) Ltd in an off market transaction which follows on from the successful sale of two other arcades in the town late last year.
We are now instructed to seek FEC opportunities for our client to reinvest in the south west.
We sold this on behalf of our client Stade Developments (Hastings) Ltd in an off market transaction which follows on from the successful sale of two other arcades in the town late last year.
We are now instructed to seek FEC opportunities for our client to reinvest in the south west.
Moretons AGC and Pelham/Playdium family entertainment centres sold to Luxury Leisure Ltd
Moretons is held on a lease expiring in 2040 and comprises a modern, established and successful adult gaming centre in Hastings town centre.
Pelham/Playdium – this family entertainment centre and adult gaming centre is located fronting onto Hastings seafront and was sold freehold as a going concern.
The purchase price remains confidential as the transaction was completed in an off market deal. We successfully identified the purchaser and brokered the transaction.
Pelham/Playdium – this family entertainment centre and adult gaming centre is located fronting onto Hastings seafront and was sold freehold as a going concern.
The purchase price remains confidential as the transaction was completed in an off market deal. We successfully identified the purchaser and brokered the transaction.
Adventure Leisure Ltd Announces Deal to Develop Flagship Venue in Stevenage
CJ White Associates acted for Adventure Leisure Ltd (ALL) a subsidiary of Burhill Group Ltd owned by the Guinness family and secured a new 15 year lease of the first floor space comprising approximately 13,730 sq ft located at Stevenage Leisure Park, Hertfordshire from the owners Legal and General Assurance Limited. It is due to open during early 2016.
ALL intend to install a mezzanine floor and develop two 18-hole indoor adventure golf courses within the unit. It will form part of the leisure park which also has a Cineworld, Hollywood Bowl, 360 Play, a children's indoor entertainment centre and David Lloyd Leisure centre together with a range of restaurants. There is also a new trampoline centre due to be developed on the site.
ALL intend to install a mezzanine floor and develop two 18-hole indoor adventure golf courses within the unit. It will form part of the leisure park which also has a Cineworld, Hollywood Bowl, 360 Play, a children's indoor entertainment centre and David Lloyd Leisure centre together with a range of restaurants. There is also a new trampoline centre due to be developed on the site.