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Michelmores has advised Cranford Sports Club on a lease agreement with LED Community Leisure, a not-for-profit Community Benefit Society. This secures the long-term future of the Club and supports the continued provision of sports and wellbeing facilities in the local community.
Cranford Sports Club, a community amateur sports club, had faced financial challenges in recent years, with membership levels declining amid increased local competition. In response, the Club took the strategic decision to grant a lease of its premises to LED Community Leisure, an experienced operator of community leisure facilities.
Under the new arrangement, LED Community Leisure will operate the site, enhancing its facilities and broadening the range of activities available to members. Early indications following completion of the lease are encouraging, with an increase in membership renewals already observed.
The Michelmores team advising on the deal was led by Partner, Richard Walford and Associate, Zilah Nelson, from the Firm’s Transactional Real Estate team.
Richard Walford commented:
“We are pleased to have supported Cranford Sports Club in completing this important agreement. The partnership with LED Community Leisure provides a strong foundation for the Club’s long-term sustainability and continued role as a valued community asset.”
Jill Anderson, one of the volunteer directors, reflecting on the Club’s position and future outlook, added:
“This has been a really important step forward for the Club. Like many community organisations, we have had to adapt to changing circumstances, and securing this agreement ensures that the Club can continue to play a central role in the local community. We are already seeing renewed interest from members and look forward to working with LED Community Leisure to build on this momentum and develop the facilities and activities we can offer.”
The transaction highlights the role of specialist real estate advice in supporting community organisations to adapt and thrive in changing circumstances. Read more about the work that we do here.