In case you don’t watch BBC1 or aren’t minded to stay up all night to watch it, the XXI Commonwealth Games kicked-off this week on the Gold Coast in Australia. What might you have missed? A gold rush for the home nations, a backside stealing the show at the opening ceremony, Adam Peaty winning yet another swimming gold medal, one of the greatest upsets in Commonwealth Games (bowls) history with the Aussie men’s triples team beaten by Jersey, plus the usual, if not rather tedious debate over the merits of the Commonwealth and whether the Commonwealth Games should still exist? These are possible topics for discussion in another edition of The Weekly. But one plausible reason could simply be to provide us with some comedy value as we pine for the warmer weather the athletes are currently enjoying. For example, if it wasn’t for the Commonwealth Games, England would never have been listed as an African nation, with a population of just over two million and a capital called Banjul in the official Games’ programme, would it? Nor would 14,000 tickets have been sold with the wrong date listed for the opening ceremony. There may be talk of legacies, boosting economies and increasing participation in sport as consequences of hosting a Commonwealth Games, but so long as organisers keep making errors like these, we’ll be happy. No pressure then for Birmingham in four years' time!
After a week of chocolate for breakfast, lunch and tea in the aftermath of Easter, it’s only appropriate to touch in with the ‘dumb-bell economy’, even if it’s only to make us feel healthier. It’s booming, driven by the rapid growth at the budget end of the market, the popularity of studio concepts with flexible memberships and new operators with ambitious expansion plans. In fact, according to LeisureDB, the next two years will be a “golden age” of fitness. The industry is likely to hit several milestones – the number of UK gyms is on course to exceed 7,000 for the first time, total membership should exceed 10m, whilst the sector's market value is expected to reach £5bn. In the current climate, the gym has also become a landmark feature in areas looking to gentrify and regenerate. Millennials have had a profound influence on this new enthusiasm for exercise, and with pubs continuing to close at a rate of twenty nine per week, the culture of leisure is changing…and for good. Landlords and investors must realise that the young of today prefer to sweat pints than to sink them.
When it comes to attractive investment opportunities, The Weekly always keeps its eyes open in the commercial property markets. Airport terminal contents don't usually feature in our search criteria, but we were taken this week by the announcement that you can basically purchase anything from the old Heathrow Terminal 1. The contents of the terminal, which closed its doors back in 2005, are all up for grabs - 110 check-in desks, signage, CCTV cameras and 4,000 seats are all available. You can also pick up a number of original artworks, and, if you’re thinking even bigger still, you could also treat yourself or your loved ones to some escalators, an entire business lounge or eleven luggage reclaim belts, each measuring 70 metres! Auction firm CA Global Partners hope to fetch a six-figure sum when the items (see catalogue) are sold on 21st April at the Thistle London Heathrow Terminal 5 Hotel. The sale is apparently set to attract two sets of customers, airport chiefs looking for second-hand equipment and memorabilia collectors who fancy something 'Terminal'. Sorry!