The new centre, called District 280 Madrid Clara del Ray will be located on Baeza Street, number 9.
Set to occupy a space of 500sq m has seen an investment of around €450,000. 70 per cent of which is financed by franchisees whilst the remaining 30 per cent will be financed by Distrito Estudio. A new company will be created by both parties which will be charged with promoting the new facilities.
David Estébanez, Director of Expansion and Franchise at Distrito Estudio, commented: “We’re starting 2021 with very positive news, which invites us to be optimistic and continue working to grow our brand throughout the national geography. This agreement represents a great opportunity, as it allows us to strengthen our relationship with one of our key franchisees and present our business model and our training model in a key city, Madrid.”
Following this opening, Distrito Estudio will operate seven gyms located in Vigo, Barcelona, Valencia and Bilbao.
