Colombo Street was decorated with balloons when the Colombo Centre opened its new facilities following a £650,000 refurbishment programme.
The Colombo Street Community and Sports Centre trust, the Jubilee Hall Trust which runs the centre, and charitable leisure trust GLL have collaborated to launch the new 90-station gym with the latest range of exercise equipment and free weights.
"This exciting new project at the Colombo Centre is an excellent example of how not-for-profit organisations can work together to create greater value for local people," said Jubilee Hall Trust chief executive Phil Rumbelow.
"The refurbished centre will have a new and very well-equipped gym with upgraded changing facilities. These will be made available at an incredibly low price, thus enabling access for all sections of the community.
"Importantly, the new gym will be incorporated into the centre without significantly impacting on the other existing programmes we provide such as those for the over-60s and for children and young people."
Membership is now available online from only £19.95 per month. Fast track entry is possible thanks to a card swiping system in the newly refurbished reception.
GLL director Chris Symons said: "We are delighted to be involved in this significant refurbishment project which should breathe new life into an important community facility. We are confident that visitors to the centre will enjoy 'gym LONDON', our new low cost pricing model that has been designed to make fitness facilities accessible to all during these difficult economic times."