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Investor intends to create fitness clubs network in European Russia

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Investor intends to create fitness clubs network in European Russia

Glorax Group plans to invest over 3 bln roubles in the creation of a network of fitness clubs in the Central and North-Western Federal Districts of Russia, the Group’s press office reports on Friday.


The clubs are planned to be opened within five years, their exact number hasn’t been specified yet. The first facilities will emerge in Saint Petersburg, Moscow and the Moscow region in the next two years.

At present, Glorax Group is selecting the sites for the objects’ construction and focuses on acquisition of plots of land with an area from 500 to 2,000 square meters. The company also considers a possibility of purchasing or renting of the existing facilities.

Ports clubs are also planned to be set up in residential compounds erected by Glorax Development, which is incorporated in Glorax Group.

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