Case Studies
Acting on the instruction of the joint
administrators of Cougar Leisure
Limited, Begbies Traynor, Christie + Co
sold the 650-capacity Spirit nightclub
in Manchester to the G-A-Y Group,
owners of the best-known gay and
lesbian club in the UK. The group
acquired the site in order to open its
first G-A-Y venue outside London.
Cougar Leisure
Prior to entering administration, Luminar Leisure, owner of 75 nightclubs operating under
the Oceana, Liquid and Lava & Ignite brands, instructed Christie + Co to value many of the
clubs. Luminar was bought in a £45 million deal by former executive Peter Marks, together
with Alex Geffert and Joe Heanen, who plan to refresh the group over the next two years.
Luminar Leisure
One of Europe’s most popular golf centres, World Of Golf in New Malden, Surrey was
marketed for sale by Christie + Co. Set in nine acres, World of Golf provides a two-tier,
60-
bay driving range, one of the busiest golf shops in the country, a Costa Coffee
franchise licensed to sell alcohol and a Jurassic Encounter Adventure Golf course,
featuring animatronic dinosaurs (above).
World of Golf
GL-14, owners of two branded health
clubs in Hitchin and Manchester,
instructed Christie + Co to offer for
sale both the health clubs as going
concerns. GL-14 is part of the PJ Livesey
Group. Its unique selling point is in the
development of Grade II Listed buildings
for contemporary use. The clubs were
acquired by the Bannatyne Group.
GL-14
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