WE ARE THE CENTRE OF RETAIL & LEISURE - Helping clients transform the way people work, shop and live - Cushman & Wakefield
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WE ARE THE CENTRE OF RETAIL & LEISURE Helping clients transform the way people work, shop and live
WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
work, shop and live
CONTENTS
CENTRAL LONDON RETAIL........................................ 05
CROSS BORDER RETAIL & LEISURE....... ................09
LEISURE & RESTAURANTS............................................13
NATIONAL RETAIL & OCCUPIER SERVICES..........17
OUT OF TOWN...................................................................21
RETAIL DEVELOPMENT.................................................25
SHOPPING CENTRE INVESTMENT........................... 29
RETAIL LEASE ADVISORY............................................35
SHOPPING CENTRES..................................................... 39
OUTLET MALLS................................................................ 43
RETAIL ASSET SERVICES.............................................47
WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
work, shop and live
WE ARE
THE CENTRAL
LONDON RETAIL
TEAM ARE A
LEADING PROVIDER
CENTRAL
FOR CENTRAL
LONDON REAL
ESTATE, OFFERING
COMPREHENSIVE
LONDON RETAIL
ADVICE ON ALL
ASPECTS OF
RETAIL PROPERTY.
Our Central London team have an unrivalled track
record in helping clients reposition and transform
whole areas to attract occupiers to locations which are
historically unestablished or unproven. We are currently
involved with a number of instructions including St
James’s Estate (The Crown Estate), Old Spitalfields
Market (Tribeca Holdings) and Here East (Delancey)
“When we embarked on the re-development at Hackney Wick/Queen Elizabeth Olympic Park.
of West Side of Leicester Square, we wanted
We have some of the longest standing retail and leisure
instructions in the market and are trusted advisors to
London Estates including Covent Garden, The Long
to achieve the optimum balance of retail Acre Estate & Home Estate, The Mercers’ Company (23
years).
occupiers that reflected a family orientated
mix of retail and restaurants to serve the
domestic and international tourists and
the local catchment area customers. The
300
TRANSACTED OVER
Cushman & Wakefield Central London Retail
team “got it” and now we are well on our way
to achieving our target of long-term leases
with internationally proven retailers”. STORES
TIM SKETCHLEY,
Old Park Lane Management Ltd
RETAIL SERVICE LINES INCLUDE:
• Retail Agency – Disposals & Acquisitions
• Strategic Advice
• Lease Advisory/Rent Reviews
• Retail Research & Consultancy
• Retail Development
• Shopping Centres/Estates
4 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 5
CENTRAL
WE ARE LONDON RETAIL
CENTRAL LONDON RETAIL CONTACTS
Peter Mace
Head of Central London Retail
Direct: +44 (0) 20 7152 5039
Mobile: +44 (0) 7793 808 039
peter.mace@cushwake.com
Toby Comerford
International Partner
Direct: +44 (0) 20 7152 5063
KING'S CROSS LEICESTER SQUARE – LONDON BURLINGTON ARCADE DELVAUX Mobile: +44 (0) 7793 808 063
47-48 NEW BOND STREET toby.comerford@cushwake.com
Cushman & Wakefield works with Cushman & Wakefield is the retail leasing Cushman & Wakefield is instructed
Argent as joint retail and leisure agents agent for the new development, LSQ as sole letting agents on this iconic AND 183-184 SLOANE Natalie Lintott
for the 67-acre development at King’s London, on behalf of the landlord Linseed London landmark. C&W have been STREET Partner
Cross. The development comprises Asset Management. Comprising over instrumental in securing retailers such Acting on behalf of Delvaux, Direct: +44 (0) 20 7152 5875
500,000 sq. ft. of retail, restaurants, 112,000 sq. ft. of office and retail space. as Manolo Blahnik (men and womens), acquired two flagship stores. Mobile: +44 (0) 7793 808 875
leisure, cafes and bars and is 8 m sq. ft. LSQ London plays an important role in Chanel, Eres, Bell & Ross, Maison natalie.lintott@cushwake.com
in total. By 2020, 50,000 people will be the significant regeneration of Leicester Michel, Barrie, Frederic Malle, HD
living and working at King’s Cross. Square with letting concluded with LEGO, Unique, La Perla, Kwanpen, Roja Dove, Hannah McNamara
McDonalds and All Bar One. Kilian, Carat and Atkinsons 1799. Partner
Direct: +44 (0)20 7152 5514
Mobile: +44 (0)7739 174 184
hannah.mcnamara@cushwake.com
Sarah Key
Senior Director
Direct: +44 (0) 20 7152 5892
NIRAV MODI Mobile: +44 (0) 7771 554 011
31 OLD BOND STREET sarah.key@cushwake.com
On behalf of the landlord Alexia Swift-Cookson
Bravepoint Limited, disposed of Associate
439-451 OXFORD STREET ST JAMES’S ISLINGTON SQUARE 3,000 sq. ft. to Nirav Modi. Direct: +44 (0) 20 7152 5808
Advised the landlord, Tribeca Holdings, Cushman & Wakefield is advising the Cushman & Wakefield is instructed by
Mobile: +44 (0) 7793 808 808
on lettings to Omega, Watches of Crown Estate and Oxford Properties Sager/Cain Hoy as joint leasing agents alexia.swift-cookson@cushwake.com
Switzerland, Dyson, Tesla and on the new flagship retail within this on the retail and leisure element of this
& Other Stories. landmark development on Regent major new mixed use scheme in the Simon Hill
Street with lettings to Jigsaw, Paul & heart of Islington, which is due to open Associate
Shark, Assos and SMEG. in Q4 2018. The scheme comprises Direct: +44 (0) 20 7152 5229
170,000 sq. ft. of new retail and leisure Mobile: +44 (0) 7793 808 229
space of which Cushman & Wakefield simon.hill@cushwake.com
have been instrumental on pre-letting
Joshua Blatt
and advising on tenant mix strategy.
Associate
A number of deals are currently being
TASAKI Direct: +44 (0) 20 7152 5908
agreed with premium international
170 NEW BOND STREET Mobile: +44 (0) 7826 946 315
fashion and lifestyle brands, who will joshua.blatt@cushwake.com
join luxury health club Third Space and Acting on behalf of Japanese
“The Lounge” by Odeon Cinema in this jeweller Tasaki, acquisition of
exciting new development. the 3,000 sq. ft. flagship.
BATTERSEA POWER STATION COVENT GARDEN
Cushman & Wakefield is instructed to Cushman & Wakefield was instructed
pre-let the retail, restaurants and leisure as joint letting agent on St. Martin’s
units at the Battersea Power Station site. Courtyard from the initial planning
An exciting urban redevelopment project stages of the development through
which will see the iconic Power Station to completion. We have provided
re-open to the public for the first time in advice at every step of the process
30 years. from consultancy on individual shop
layouts and advice on marketing
This landmark development will provide material, through to the inception and VALEXTRA
over 8 m sq. ft. of new space, with over
148-158 KENSINGTON HIGH STREET
implementation of the female focused 129 MOUNT STREET
1.25 m sq. ft. of retail, food & beverage strategy for the scheme. Instructed by Claredon Properties to
provide letting advice on the sub- Advised Valextra on the
and leisure.
division of a 22,000 sq. ft. block in a acquisition of their first UK
We successfully concluded lettings of
prime location on the high street. Units store at 129 Mount Street.
flagship stores on Long Acre including
COS, Banana Republic, Jack Wills, have been let to Decathalon (11,000 sq.
Massimo Dutti, Barbour and L.K. Bennett. ft.) and Clydesdale Bank (4,000 sq. ft.)
OXFORD STREET PLAZA
Acting on behalf of the landlord ELIE SAAB
Sirosa Ltd. Disposal of 73,000 sq. ft. 24 BRUTON STREET
to Next PLC for a flagship store east of Advised Elie Saab on the
Oxford Circus. acquisition of their UK flagship
store at 24 Bruton Street.
6 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 7
WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
work, shop and live
WE ARE A LEADING
WE ARE PROVIDER OF CROSS
BORDER RETAIL AND
LEISURE ADVICE IN
CROSS BORDER EMEA, APAC AND THE
AMERICAS.
RETAIL & LEISURE Cushman & Wakefield provide consultancy and
agency advice to brands looking to enter new
international markets and expand further in
countries where they have a limited presence, taking
advantage of each country’s expert local knowledge.
Our long and well-established teams have been
grown specifically to satisfy the demands of global
clients. Reinforced by our dynamic cross-border
team, we as a market-leading retail team provide the
most comprehensive range of services from any retail
advisory company. We pride ourselves in offering a
bespoke approach to every one of our clients, as we
understand that every brand is entirely unique.
SERVICES INCLUDE:
• Retail Agency – Tenant Representation, Disposals
and Acquisitions
• Retail Research & Consultancy
• Strategic & Market Entry Advice
• Retail Development
• Valuation
• Project Management
• Global Occupier Services
• Retail Investment
700
OVER
TRANSACTIONS
IN 2016 FOR 470 INDIVIDUAL RETAILERS.
320
IN 2016 MANAGED OVER
RELATIONSHIPS
AND AGREEMENTS WITH RETAILERS
WORLDWIDE
8 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 9
WE ARE CROSS BORDER RETAIL & LEISURE
CROSS BORDER RETAIL & LEISURE CONTACTS
CROSS BORDER RETAIL EMEA CROSS BORDER RETAIL
Justin Taylor AMERICAS
Head of EMEA Retail Erika Schanke
Direct: +44 (0) 20 7152 5198 Managing Director
Mobile: +44 (0) 7764 398 198
“Cushman & Wakefield
Americas Retail Services
justin.taylor@cushwake.com Direct: +1 212 841 5024
has been an invaluable Mark Barrett
Mobile: +1 404 680 4363
erika.schanke@cushwake.com
Head of EMEA Cross Border
UNDER ARMOUR FIVE GUYS TED BAKER PRIMARK partner in our EU Retail Agency Ruben Moya
Having watched Under The Cushman & Wakefield Ted Baker pride themselves As one of the largest and Direct: +44 (0) 20 7152 5163
expansion. The support
Americas
Armour’s impressive growth Cross Border Retail Team on design, quality, passion most successful fast fashion Mobile: +44 (0) 7793 808 163 Retail Services
in the U.S. over the past years, provided Five Guys with retailers in the world, Primark
has been comprehensive,
and attention to detail. This mark.barrett@cushwake.com Direct: +1 (212) 8417 527
we are pleased to be working strategic market entry and approach is evident in their real are in high demand. Mobile: +1 347 602 3183
Dr. Yvonne Court
in terms of contacts,
with them on their exciting initial valuation advice, estate, as well as their products. ruben.moya@cushwake.com
European roll out. allowing them to make an Cushman & Wakefield previously Head of EMEA Cross Border
Cushman & Wakefield
Retail Consultancy
research, comparisons
informed decision in securing adapted their role to reflect secured Primark’s first stores
Cushman & Wakefield provided their Madrid flagship, against in several European countries Direct: +44 (0) 20 7152 5028
this and through our strategic
Mobile: +44 (0) 7793 808 028
strategic market entry and
acquisition advice for Under
fierce competition. advice secured Ted Baker’s
first European flagship
including France and Spain.
Recently Cushman & Wakefield and site feedback. yvonne.court@cushwake.com
Armour's first European
flagship store in Amsterdam,
Cushman and Wakefield is
also instructed by Five Guys
in Amsterdam. has provided complex and
detailed market entry advice in
Cushman & Wakefield Lyndsay Barnes
Surveyor
as well as advising them on
several new European flagships
in several European countries
and are providing consultancy
Building upon the success of order for Primark to ‘take on’ the
challenging U.S. retail market.
have helped LEGO Retail Agency
Ted Baker’s first European Direct: +44 (0) 20 7152 5295
and their expansion plans. advice. Flagship, Cushman & Wakefield
Building on this successful
Company gain a Mobile: +44 (0) 7903 054 864
is now instructed across several lyndsay.barnes@cushwake.com
countries for their European partnership, C&W Italy has competitive advantage Tom Dancer
roll out and additionally in been exclusively retained to
Japan and China. provide market entry advice in site selection”. Surveyor
and have secured their first Direct: +44 (0) 20 7152 5977
store in Milan with more to Mobile: +44 (0) 7972 187 965
follow. DENY ANDOLSCHEK, tom.dancer@cushwake.com
Senior Director Retail
Simon Maurel
Expansion, Partner, Head of International
LEGO Tenant Representation –
France Retail Services
Direct: +33 (0) 1 53 76 84 65
Mobile: +33 (0) 7 78 82 53 92
simon.maurel@eur.cushwake.com
Paul Amato
Associate
Cross Border Retail & Leisure
ASICS TK MAXX JD SPORTS KIABI Consultancy
Through extensive knowledge Offering affordable seasoned C&W assisted JD Sports to Cushman & Wakefield is Direct: +44 (0) 20 7152 5973
of the brand the Cross Border fashion and fantastic value, enter the Belgium market by appointed by Kiabi to represent Mobile: +44 (0) 7971 812 873
Team were able to advise Asics TK Maxx represents a U.S. familiarising them with the local the brand in its expansion paul.amato1@cushwake.com
on acquiring a flagship store company that has conquered market and reviewing several throughout the country. Since
on Regent Street, in London. the UK. TK Maxx have since opportunities to understand 2016, Cushman & Wakefield
This flagship will be the first turned their attention to their requirements. successfully concluded
store to host all of the Asics Europe and building on the negotiations for two important
brands. success of their Polish roll Today they are open in Mons, Shopping Centres – Forum
out, Cushman & Wakefield is Ghent and Charleroi, Rive Sintra developed by Multi,
C&W are exclusively mandated now exclusively instructed to Gauche. We have also helped where Kiabi opened its newest
to advise Asics across Europe acquire stores throughout them to find new stores generation store in March 2017,
“The Cross Border Retail team has
and continue to look for the Netherlands. (opening soon) in Turnhout followed by MAR Shopping
opportunities in their target and a second location in Liège Matosinhos in May, an Inter Ikea
markets to ably assist with Cushman & Wakefield recently (Médiacité). scheme located in Porto.
their continued expansion. acquired stores in Rotterdam,
Eindhoven and Groningen and Since 2016 JD Sports has With an average surface of provided market entry and continued
property advice in several European
have a healthy pipeline of new appointed C&W as exclusive 1,800 sq. m, Kiabi has well-
stores planned for TK Maxx. agents in Belgium. structured expansion plans for
countries. JD Sports are happy to
the next years, aiming to be
present in the best shopping
centres across EMEA.
recommend their services in all the
countries JD operate.”
Primark continues to have an excellent working relationship with Cushman & Wakefield across our store portfolio.
We consider their property retail network, to be excellent and we are consistenly impressed by their professional NIGEL KEEN,
and comprehensive approach to client care. Group Property Director, JD Sports
THOMAS MEAGER,
Director of Property, Primark Stores Ltd
Cushman & Wakefield - Retail Book - 11
WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
work, shop and live
WE ARE
OUR LEISURE &
RESTAURANTS
TEAM COMPLETELY
DOMINATE
LEISURE &
PRIME LEISURE &
RESTAURANT ASSETS
IN THE UK.
RESTAURANTS
ADVISING ON OVER
50% OF THE UK’S TOP
SCHEMES, THE TEAM
IS THE NATIONAL
LEADER ON EXPERT,
INNOVATIVE AND
CLEAR ADVICE TO
CLIENTS.
We have an unrivalled track record on both national
landlord advice, advising on the highest value
restaurants outside of London and bespoke, boutique
advice for estate landlords within London.
We lead the way in occupier representation with
an unrivalled list of retained clients including
restaurateurs, casinos, cinemas and health clubs. We
have some of the longest established relationships in
the leisure and restaurant sector and pride ourselves
on our passion, in-depth knowledge
and expertise.
64 schemes
TOTALLING OVER 6.0M SQ. FT. OF
LEISURE & RESTAURANT SPACE
85 occupier
REQUIREMENTS PER ANNUM
50%
ADVISE ON OVER
OF NO.1
LEISURE &
RESTAURANT
ASSETS IN TOP-20 CITIES IN THE UK
12 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 13
WE ARE LEISURE & RESTAURANTS
LEISURE & RESTAURANTS CONTACTS
OCCUPIER CLIENTS Thomas Rose Charlotte Wild
Partner, Head of Leisure & Restaurants Senior Surveyor
Direct: +44 (0) 20 7152 5278 Direct: +44 (0) 20 7152 5209
Mobile: +44 (0) 7793 024 403 Mobile: +44 (0) 7793 808 603
thomas.rose@cushwake.com charlotte.wild@cushwake.com
Cushman & Matt Ashman
Partner
Marcus Wood
International Partner
Wakefield have Direct: +44 (0) 20 7152 5495
Mobile: +44 (0) 7793 808 495
Direct: +44 (0) 20 3296 4317
Mobile: +44 (0) 7979 245 430
been instrumental
matt.ashman@cushwake.com marcus.wood@cushwake.com
WAHACA BOUNCE THIRD SPACE BURGER KING
Guy Robinson Max Wilson
in formulating
Cushman & Wakefield is retained Cushman & Wakefield The Leisure & Restaurants Cushman & Wakefield are Associate Associate
to expand the Thomasina Miers act exclusively on behalf team are retained by Third appointed by Burger King, the Direct: +44 (0) 20 7152 5578 Direct: +44 (0) 20 7152 5745
founded premium restaurant of Bounce, the hugely Space, the premium London global food brand, to acquire
the future retail
Mobile: +44 (0) 7793 808 578 Mobile: +44 (0) 7584 885 013
brand across the UK. We have successful urban ping health club group, with sites throughout the UK guy.robinson@cushwake.com maxwell.wilson@cushwake.com
secured Wahaca sites in London, pong brand, to grow from instruction to acquire 10-15 working closely with them as
Bristol, Manchester, Liverpool,
Edinburgh, Brighton and
their existing two sites to
a national business. We
iconic London sites. We
are also retained by Third
a trusted strategic advisor. & leisure strategy Kate Sadler
Associate
Watford. Cushman & Wakefield
has been instrumental in building
are advising them on their
expansion and acquisition
Space’s boutique concept,
Another Space, which focuses for the future of Direct: +44 (0) 20 7152 5034
Mobile: +44 (0) 7964 555 932
Wembley Park.
a strategic expansion plan and strategy throughout the UK. on spinning, yoga and HIIT kate.sadler@cushwake.com
carefully selecting sites. training. We are providing
Their knowledge
We are also instructed to advice on their acquisition
acquire sites for Wahaca’s more strategy in London.
LEADING LONDON LEISURE
of the market and
casual sister brand, DF Mexico.
BATTERSEA POWER STATION
shared passion for Cushman & Wakefield is appointed to advise on this £8bn
investment of 1.25m sq. ft. of retail, leisure and cultural space
LANDLORD CLIENTS
our vision have to create a unique, global destination to change the way
London lives, works and plays. Initially spread over three
proved invaluable phases, Cushman & Wakefield has created three unique
leasing strategies for each Phase, ranging from the creation
in developing
of a Village Community to iconic global flagships, the leisure-
led Phase 1 is now open with an eclectic range of restaurants.
a sustainable CENTRAL CROSS
future for
Sitting in the heart of London, Central Cross connects
EDINBURGH, ST JAMES GLASGOW HARBOUR BRITISH LAND TOP TIER Soho, China Town, Leicester Square and Covent Garden.
C&W are appointed to lease the prime restaurants in this
The 1.7m sq ft scheme will
bring a stunning addition to
Situated overlooking the
River Clyde the 390,000 sq.
Cushman & Wakefield are
retained by British Land as
SHOPPING CENTRES
Cushman & Wakefield is Wembley Park. world famous part of central London and attract the best
Scotland’s capital city in 2020. ft. regeneration scheme will national strategic advisor to operators from around the globe.
instructed on a number of
Cushman and Wakefield are create an iconic new retail all leisure developments within the leading shopping centres
advising on how the 850,000 and leisure destination that their regional portfolio of across the UK on their QUINTAIN
sq. ft. of leisure and retail will combine with a wider retail and leisure destinations. leisure and food/beverage
will be developed, which will mixed-use development that Our role is to help guide the offering, including St David’s WEMBLEY PARK
include an exciting new leisure includes hotel, residential and client with long term advice Cardiff, Liverpool One, Intu Covering 83 acres, Wembley Park is the largest singularly
quarter of 30 restaurants and a student accommodation. that seeks to ensure the future Trafford Centre and St Enoch, owned development in London and internationally
multi-screen cinema. competitiveness of each asset. Glasgow. recognisable. Cushman & Wakefield are advising on the retail
and leisure strategy across 150,000 sq. ft. of accommodation.
The park will provide new restaurants, cafes, bars, health &
fitness and leisure destinations. This will be delivered at an
unrivalled pace with the majority open before 2020.
WATERLOO INTERNATIONAL
Cushman & Wakefield is advising on the £800 million
We knew we needed a great property advisor and Cushman & redevelopment of the former Eurostar terminal at Waterloo
International railway station. This will create 130,000 sq. ft.
Wakefield stood out above others. Their drive to be constantly
of new retail and leisure space spread over three floor within
the disused concourse platforms and archways beneath.
pushing boundaries and for innovation was a match for ours.
Their deep knowledge of the market means we can be sure that ISLINGTON SQUARE, LONDON
We are instructed by Sager to pre-let the restaurant and
we’re getting the leading strategic advice leisure space at the Islington Square development. 70,000 sq.
ft. has been pre-let to Third Space and concep 'The Lounge'
by Odeon Cinema.
ADAM BREEDEN,
Bounce
14 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 15
WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
work, shop and live
THE NATIONAL
WE ARE RETAIL & OCCUPIER
SERVICES TEAM
NATIONAL RETAIL
PROVIDES MARKET-
LEADING ADVICE
TO LANDLORDS
& OCCUPIER
AND OCCUPIERS OF
RETAIL PROPERTY
THROUGHOUT THE UK.
SERVICES With 22 experienced agents based in London,
Birmingham, Manchester, Glasgow, Leeds and
Edinburgh, we offer unparalleled coverage across all
geographical markets and are proud to be trusted
and knowledgeable advisors in all locations, from
small market towns to the largest regional shopping
destinations. We cover all aspects of retail advice,
including retail development, occupier, high street,
retail park and shopping centre leasing.
Our team is admired throughout the industry and we
have been shortlisted for the Property Awards Retail
& Leisure Agency Team of the Year award and the EG
Award for Retail Property Advisor of the Year. Over
the last 12 months we have been involved in over 780
retail transactions where our clients have benefitted
from our well informed, well connected, tenacious
advisors who offer both location and national advice.
780
TRANSACTED OVER
STORES
17.5m
LEASED OVER
sq. ft.
OF RETAIL SPACE.
16 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 17
NATIONAL RETAIL
WE ARE & OCCUPIER SERVICES
NATIONAL RETAIL & OCCUPIER SERVICES CONTACTS
HEAD OF NATIONAL RETAIL SOUTH
Toby Sykes Simon Wild
Head of Leasing Partner
Direct: + 44 (0) 131 222 4529 Direct: + 44 (0) 20 7152 5570
Mobile: + 44 (0) 7887 795 506 Mobile: + 44 (0) 7932 683 686
toby.sykes@cushwake.com simon.wild@cushwake.com
MIDLANDS Eloise Jackson
2/14 ST JOHN’S ROAD, 94/98 BRIGGATE, 2/4 EXCHANGE STREET, UNIT SU1-2, 87/91 ARGYLE Surveyor
CLAPHAM JUNCTION LEEDS MANCHESTER STREET, GLASGOW Adam Lazenbury Direct: +44 (0) 207 152 5075
Retail Asset Management Cushman & Wakefield was Partner Mobile: +44 (0) 7525 868 673
Instructed by National Cushman & Wakefield was
and Development Leasing instructed by the landlord, Direct: + 44 (0) 20 7152 5007 eloise.jackson@cushwake.com
Australia Group, instructed by the landlord,
instruction on this 100% Cushman & Wakefield secured Royal London Asset Sovereign Land, to openly Mobile: + 44 (0) 7739 834 369
adam.lazenbury@cushwake.com Alice Hershman
prime retail property on a new flagship branch in Management, to confidentially market the property and Senior Surveyor
behalf of M&G Investments. Leeds. Cushman & Wakefield explore the re-letting options. negotiate terms with
Doug Tweedie Direct: + 44 (0) 20 7152 5798
Negotiated vacant identified the property and C&W managed to agree an interested parties. This
Associate Mobile: + 44 (0) 7702 518 499
possession and opposed negotiated a new 20 year lease early lease surrender with resulted in a new 15 year
Direct: + 44 (0) 121 232 4921 alice.hershman@cushwake.com
lease renewals. Confidential on behalf of Yorkshire Bank. French Connection and a lease on a new flagship store
Mobile: + 44 (0) 7920 788 178
tenant search, marketing and back to back new lease to an at a rent of £750,000 pax for Grace Brady
doug.tweedie@cushwake.com
lease negotiations. JD Sports international fashion retailer JD Sports. Surveyor
and Metro Bank secured as which significantly enhanced Ed Purcell Direct: + 44 (0)20 7152 5446
new tenants. the asset’s value. Senior Surveyor Mobile: + 44 (0)7715 428 492
Direct: + 44 (0) 121 232 4974 grace.brady@cushwake.com
Mobile: + 44 (0) 7793 808 974
ed.purcell@cushwake.com LONDON SUBURBS
Matthew Guest Oliver Christy
Assistant Surveyor Partner
Direct: + 44 (0) 121 697 7343 Direct: + 44 (0) 20 7152 5035
Mobile: +44 (0) 7793 808 176 Mobile: + 44 (0) 7793 808 035
matthew.guest@cushwake.com oliver.christy@cushwake.com
METRO BANK, LONDON VICTORIA SQUARE SWATCH COSTA NORTH SCOTLAND
AND SOUTH EAST BELFAST GLASGOW & MANCHESTER Cushman & Wakefield is Will Thomas John Menzies
Metro Bank now have 49 Cushman & Wakefield is Advising Swatch, C&W has retained by Costa in Scotland Associate Partner
stores open in London and the appointed by Commerz successfully secured new and have acquired 8 new Direct: + 44 (0) 161 828 3558 Direct: + 44 (0) 141 223 8769
South East which has been Real on this 800,000 sq. flagship stores in Manchester stores for them over the last Mobile: + 44 (0) 7798 576 788 Mobile: + 44 (0) 7808 479 265
achieved in only six years. ft. shopping centre which and Glasgow. Swatch acquired 12 months. The focus has been will.thomas@cushwake.com john.menzies@cushwake.com
Cushman & Wakefield will be comprises 103 retail units, a new 10 year lease on on strong market towns such
acquiring 10 stores in 2017, with with a 10 screen Multiplex and Buchanan Street, Glasgow and as Peebles, Troon and Largs, as Elizabeth Kay Pete Harding
a pipeline of 15 – 20 stores in 10 restaurants. Major tenants an assignation on a unit in The well as flagship city centre units Surveyor Senior Surveyor
2018. Forthcoming openings include House of Fraser, Trafford Centre, Manchester such as on George Street Direct: +44 (0) 161 235 7674 Direct: + 44 (0) 141 223 8762
include Clapham High Street, Hollister, Superdry, H&M, until June 2021. in Edinburgh. Mobile: +44 (0) 7793 808 568 Mobile: + 44 (0) 7931 522 597
Cantebury, City of London River Island, Hugo Boss and elizabeth.kay@cushwake.com pete.harding@cushwake.com
(Liverpool Street, Bishopsgate) Reiss amongst many others.
and Peterborough. In 2016 New lettings to Michael Kors,
Metro Bank listed on the Lifestyle Sports, Karen Millen,
London Stock Exchange with a Boux Avenue, Five Guys, Zizzi
deposit base of over £10bn and and Yo! Sushi.
a loan book of over £7bn.
Cushman & Wakefield continue to acquire stores for
Metro Bank as part of our aggressive store rollout.
The nature and complexity of the deals requires an in
depth knowledge of what we want, an understanding of
our business and significant determination in order to
IVY,
T2
GLASGOW
MILLER & CARTER,
EDINBURGH EDINBURGH achieve success. Cushman & Wakefield also combine,
Prime letting at 131 Buchanan C&W acted on behalf of The highest profile restaurant opening in Edinburgh and assist with managing, our wider Professional
Street for T2’s debut Scottish retained client, Mitchells and for over 10 years was The Ivy at South St Andrew
store on behalf of landlord Butlers, to aquire a major new Square. Cushman & Wakefiled acted for The Ivy Team to take each project from site identification
client, PGIM Real Estate. The restaurant at 29/31 Frederick Group to secure this prime corner position within
1,884 sq. ft. site was leased Street in Edinburgh. A 25 AberdeenStandard new HQ building. A 25 year through to successful deal completion".
on a new 10 year lease and year lease was secured on the lease was agreed for the 5,000 sq. ft. restaurant,
opened in February this year 8,500 sq. ft. prime restaurant scheduled to open in October.
site in the heart of the City
CALUM EWING,
Centre. Further City Centre Head of Property Metro Bank Plc
and suburban sites are in the
pipeline for 2017/2018.
18 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 19WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
22.5%
work, shop and live
MARKET SHARE
WE ARE
THE OUT OF TOWN RETAIL
TEAM PROVIDES CREATIVE AND
INNOVATIVE ADVICE ON ALL
ASPECTS OF THIS SPECIALIST
OUT OF TOWN
RETAIL SECTOR, INCLUDING
SHOPPING AND RETAIL PARKS,
RETAIL WAREHOUSING,
AND FOODSTORES.
Our team is one of the most active in SERVICES INCLUDE:
£1BN
the sector, notable for its high level
TRANSACTED of seniority and depth of experience.
Based in London, Manchester and
• Leasing – pre-letting and leasing
asset management, tenant mix
Edinburgh we offer full UK coverage and repositioning
and our wide sector experience • Occupier representation –
across agency, investment and lease corporate, retained and non-
advisory ensures a sophisticated retained
approach to our services.
• Investment acquistion and
Our Out of Town retail team is one sales, development funding and
IN 2016 - 2017 of the leading advisers in the UK
with an enviable track record across
strategic advice.
shopping, bulky and convenience • Development consultancy
parks as well as food stores and stand • M&A consultancy
alone assets. We are trusted with over • Specialist foodstore advice
100 Retail Park leasing mandates and
• Lease advisory including rent
our long standing relationships with
review, lease renewal, expert
many corporate occupiers have led
witness appointment and third
to a number of high profile tenant
party dispute resolution
instructions.
• Research – market entry
Over the last 10 years, the investment
strategies, demographic analysis
team have successfully transacted
and market trends including
over £8 Billion advising on both the
quarterly reports and annual
purchase and sale of assets, including
demand forecasts
c. £6.5 Billion of retail warehousing
and £1.5 Billion of foodstores.
£8.0 Billion
ADVISING ON THE PURCHASE, SALE AND
FUNDING OF ASSETS
£6.5
BILLION OF RETAIL WAREHOUSING
£1.5 Billion
OF FOODSTORES
20 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 21WE ARE OUT OF TOWN
OUT OF TOWN RETAIL CONTACTS
CAPITAL MARKETS AGENCY
Patrick Knapman Martin Supple
Head of Retail Capital Markets Head of Out of Town Retail Agency
Direct: + 44 (0) 20 7152 5019 Direct: + 44 (0) 20 7152 5898
Mobile: + 44 (0) 7768 825 666 Mobile: + 44 (0) 7793 808 898
patrick.knapman@cushwake.com martin.supple@cushwake.com
Justin Houlihan Stuart Lunn
THE FORT SHOPPING LAKESIDE RETAIL PARK, PARC PEMBERTON, B&Q WAREHOUSE, International Partner Partner
PARK, BIRMINGHAM THURROCK LLANELLI STOCKPORT Direct: + 44 (0) 20 7152 5670 Direct: + 44 (0) 20 7152 5765
In 2017 LandSec appointed C&W advised DTZ Investors on Mobile: + 44 (0) 7855 792 294
In 2017 we celebrate 20 years C&W advised IM Properties Mobile: + 44 (0) 777 151 368
C&W to internationalise the sale of Parc Pemberton in justin.houlihan@cushwake.com stuart.lunn@cushwake.com
of leasing, professional and on the acquisition of this
engagement with occupiers at Llanelli for £29.55m reflecting
investment advice on this store for £24.8m with 7 years
the largest premier home and a yield of 7.00%. The scheme Marcus Wood Andy Hall
regionally dominant park to remaining on the lease. C&W
lifestyle retail park in London extends to 137,265 sq. ft. International Partner Partner
the Fort Retail Park Trust. have since regeared the
and the South East. incorporating tenants such Direct: + 44 (0) 20 7152 5751 Direct: + 44 (0) 161 828 5313
Recent transactions include lease, at the passing rent of
as Homebase, B&M, Halfords, Mobile: + 44 (0) 7979 245 430 Mobile: + 44 (0) 7876 422 525
a new 60,000 sq. ft. Primark, £1.72m pa, to 15 years term
Dunelm, Currys/PCWorld, marcus.wood@cushwake.com andy.hall@cushwake.com
upsizing Next and River Island, certain.
SCS and Frankie & Bennys,
and introducing Schuh, Foot Graham Collison Tom Brierley
producing an annual rent roll of
Asylum and Moss. Partner Associate
£2.239m.
Direct: + 44 (0) 20 7152 5140 Direct: + 44 (0) 20 7152 5790
Mobile: + 44 (0) 7770 921 388 Mobile: + 44 (0) 7860 782 413
graham.collison@cushwake.com tom.brierley@cushwake.com
Max Wilson Russell Homer
Associate Senior Surveyor
Direct: + 44 (0) 20 7152 5745 Direct: + 44 (0) 20 7152 5323
Mobile: + 44 (0) 7584 885 013 Mobile: + 44 (0) 7800 738 865
maxwell.wilson@cushwake.com russell.homer@cushwake.com
Freddie MacColl Ian Anderson
Associate Partner
JUNCTION 27 RETAIL B&Q FOUNTAIN RETAIL PARK, THE PEEL CENTRE Direct: + 44 (0) 20 7152 5437 Direct: + 44 (0) 3296 2283
PARK, BIRSTALL Cushman & Wakefield is OLDBURY STRAITON, EDINBURGH Mobile: + 44 (0) 7834 755 033 Mobile: + 44 (0) 7775 906 671
The premier furnishings and retained by B&Q to advise on We are advising Hammerson Cushman & Wakefield worked freddie.maccoll@cushwake.com ian.anderson@cushwake.com
technology park in West their UK store portfolio totalling on the leasing of their new with Peel Land & Property
Yorkshire – C&W advised c.27 m sq. ft. in respect of 120,000 sq. ft. Retail Park on the master planning Tamsin Layton LEASE ADVISORY
AberdeenStandard on the their “Estates Transformation” development in Oldbury and implementation of a Senior Surveyor
purchase and have consistently programme comprising new targeted to open in late 2018. letting strategy aligned Direct: + 44 (0) 20 7152 5158 Nikki Skelton
exceeded leasing asset store acquisitions, extensions The high quality scheme to an upgrade of the Mobile: + 44 (0) 7903 054 706 Consultant
management targets in relation and re-gears. is attracting demand from retail environment. Next’s tamsin.layton@cushwake.com Direct: + 44 (0) 20 8767 7717
to rental growth, development leading open A1 food and representation is indicative of Mobile: + 44 (0) 7850 664 547
Jenny Hewitt
of incremental floorspace and non-food retailers together the success – upsizing twice nikkiskelton@skeltonconsulting.com
Surveyor
increasing WAULT. The team with national restaurant and in the space of three years Direct: + 44 (0) 20 7152 5138
has achieved lettings to Pizza catering occupiers. from their original 15,000 sq. Chris Osmond
Mobile: + 44 (0) 7964 555 973 Consultant
Express, Zizzi, Carpetright, ft. store to c. 80,000 sq. ft. jenny.hewitt@cushwake.com
Multiyork and Harveys on Direct: + 44 (0) 20 7152 5372
enhanced terms, including Mobile: + 44 (0) 7753 826 421
review and covenant/guarantor chris.osmond@cushwake.com
structures.
Hugh Bird
Consultant
Direct: + 44 (0) 20 7152 5021
Mobile: + 44 (0) 7841 055 689
hugh.bird@cushwake.com
“Cushman & Wakefield provide a comprehensive
service as Asset Management Agents on a
number of our Retail Parks. Their market
J SAINSBURY'S, RIVERSIDE RETAIL PARK,
knowledge is undoubted and they offer innovative
HODDESDON CHELMSFORD solutions to issues arising from our desire to
C&W advised TH Real Estate C&W acted on behalf of drive performance from our assets. I have found
on the acquisition of this M&G Real Estate to acquire
74,409 sq. ft. foodstore for Riverside Retail Park, their advice to be pragmatic, well researched and
£32.65m (5.21% IY). The store Chelmsford for £53m (5.50% commercially astute.”
offers an unexpired term of NIY). The park comprises
22.7 years and passing rent of 153,401 sq. ft. Open A1 (non-
£1,816,496 pa. food) retail warehousing IAN BRAMLEY,
space, with a WAULT of 9.6
Retail Portfolio Director
years and a passing rent of
£3.1 million per annum. LandSec
22 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 23WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
work, shop and live
OUR RETAIL
WE ARE
DEVELOPMENT TEAM
HELPS LANDLORDS,
FUNDS, DEVELOPERS
RETAIL
AND THE PUBLIC
SECTOR CREATE NEW
PLACES TO WORK,
SHOP AND LIVE
DEVELOPMENT
THROUGHOUT THE UK.
Specialising in transforming places, we look at all
aspects of project design and delivery, from the
inception and nature of an idea to the practicalities
of viability, leasing, funding and delivery.
Recognising the merger of public and private
sectors in delivery as well as the drive towards
mixed use, we can help structure the partnerships
that will help drive the success of your project.
SERVICES INCLUDE:
• Identification of development opportunities
including evaluation of demand
• Site assembly, CPO compensation and procedure
matters
• Masterplanning and placemaking
• Partner selection
• Development agreements, options and joint
ventures
• Land & site sales, and preparation for disposal
• Guidance through the public/private partnership
interface
• Financial testing and risk analysis
• Property & estate strategies
• Re-development of existing assets
• Advice on how to create a viable mixture of uses
• Development management
• Lease re-gears and head lease negotiation
• Leisure, stadium and arena advice
• Town centre regeneration strategy
• Tenant mix strategy and anchor leasing
24 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 25WE ARE RETAIL DEVELOPMENT
RETAIL DEVELOPMENT CONTACTS
TOWN AND CITY CENTRE REGENERATION LEISURE ANCHOR STORE John Percy
Head of Retail Development
TOUCHWOOD, SOLIHULL DEVELOPMENT DEVELOPMENT Consultancy
We are advising Solihull MBC, in Direct: +44 (0) 20 7152 5929
Partnership with Lend Lease Retail Mobile: +44 (0) 7730 817 060
Partnership on the extension of john.percy@cushwake.com
Touchwood, one of the `blue chip' Alistair Parker
regional shopping centres. The scheme Partner
has detailed planning consent and is Direct: +44 (0) 20 7152 5203
planned to commence on site in 2017. Mobile: +44 (0) 7764 398 203
Solihull MBC are also undertaking a alistair.parker@cushwake.com
SWANSEA CITY CENTRE substantial office Project for their own
We are advising the City and County of Swansea on the use alongside this scheme. Jennifer Miles
FILM QUARTER, LONDON AT HOME, JOHN LEWIS
regeneration of the city centre, including improvements to the Partner
BOROUGH OF EALING PARTNERSHIP
city’s retail and leisure offer, the creation of a new Digital Arena, Direct: +44 (0) 20 7152 5312
as well as a new employment hub in the city centre. The team BROOKFIELD, CHESHUNT Cushman & Wakefield is Cushman and Wakefield is
Mobile: +44 (0) 7949 053 076
assisted the Council in selecting development partners for Cushman & Wakefield is advising providing strategic advice to retained by the John Lewis
jennifer.miles@cushwake.com
two of the city centre’s major development areas and are now Broxbourne BC and Hertfordshire CC on the Council in respect of the Partnership to acquire new
helping the parties deliver the proposals. the effective creation of a new 'Garden 200,000 sq. ft. ‘Film Quarter’ ‘John Lewis At Home’ stores. Paul Ellis
Village' and 'Brookfield Riverside'. and ancillary residential Acquisitions have led to new Partner
Riverside will be a major new retail and accommodation. We stores in Poole, Swindon, Croydon, Direct: +44 (0) 20 3296 3120
leisure scheme of circa 50,000 sq. m. provide a broad spectrum of Tunbridge Wells, Chester, Exeter, Mobile: +44 (0) 7808 479 247
development advice including: Tamworth, Newbury, Chichester, paul.ellis@cushwake.com
Both Councils have substantial
developer selection process York, Ipswich, Ashford, Horsham
landholdings within the scheme and Robert Bloomer
and procedure, scheme design and Basingstoke.
C&W are assisting on the procument of a Partner
audit, viability and CPO.
blue chip development partner. Direct: +44 (0) 20 7152 5085
Planned new openings include
Chelmsford, Cheltenham, Mobile: +44 (0) 7896 436 627
Worcester and Brighton. robert.bloomer@cushwake.com
CHURCHILL SQUARE, BRIGHTON
BIRMINGHAM, SMITHFIELD Cushman & Wakefield is appointed Caroline Searle
We are advising Birmingham City Council on the procurement by AbeerdeenStandard to support Partner
of a development partner for one of the largest city centre in creating two major development Direct: +44 (0) 20 7152 5934
regeneration opportunities in Europe; the 14 hectare Smithfield projects in Brighton city centre, in Mobile: +44 (0) 7808 479 233
market site. The opportunity includes 2,000 homes and Partnership with Brighton & Hove caroline.searle@cushwake.com
3,000,000 sq. ft. of commercial floorspace, alongside re- City Council. Waterfront Central is a Kathryn Wood
provision of the retail markets, a new cultural anchor and a new retail and leisure scheme adjoining Associate
AbeerdeenStandards existing Churchill WATERMARK,
public square. C&W are assisting the council throughout the Direct: +44 (0) 20 7152 5925
Square scheme. Waterfront East is a SOUTHAMPTON
preparation phase, as well as marketing the site and assisting Mobile: +44 (0) 7711 017 411
throughout the developer selection process. state of the art multi use public venue. Cushman & Wakefield is
BURBERRY, LEEDS kathryn.h.wood@cushwake.com
advising Southampton City
Council, in partnership with Cushman & Wakefield Julian Greenhalgh
HOUNSLOW TOWN CENTRE Hammerson, on Watermark, is advising Burberry on Associate
Cushman & Wakefield is appointed by which has delivered a developing its new home in Direct: +44 (0) 20 7152 5922
Barratt and Wilson Bowden, who we significant leisure led extension Leeds city centre. Mobile: +44 (0) 7855 449234
advised through the bid process to to West Quay. The scheme julian.greenhalgh@cushwake.com
selection as the council’s development successfully opened in 2016. Burberry appointed
partner in the Hounslow Town Centre Cushman & Wakefield in James Parr
regeneration scheme. The scheme will November 2014 to advise on Surveyor
include a cinema, over 100,000 sq. DEVELOPMENT development formats and site Direct: +44 (0) 20 7152 5099
ft. of new retail accommodation and criteria, to identify potential Mobile: +44 (0) 7793 808 086
BRACKNELL
approximately 400 new residential units, MANAGEMENT locations, to negotiate a james.parr@cushwake.com
We are advising Bracknell Forest Council on their town centre set within a high quality public realm. C&W development agreement
property strategy. This work includes conducting a full review of continue to provide feasibility, financial with the local authority and Holly Russell-Kennedy
the town masterplan, undertaking empirical consumer research, viability, design and strategic input to the to undertake site assembly. Surveyor
identifying new and exciting property uses and providing client, with a Compulsory Purchase Inquiry Cushman & Wakefield has Direct: +44 (0) 207 152 5450
development viability advice on several key development sites currently underway. successfully secured a 12 acre Mobile: +44 (0) 7525 823 938
identified within the town centre. site close to the proposed HS2 holly.russell-kennedy@cushwake.com
station entrance in Leeds.
Robin Lovell
NORTHUMERLAND STREET,
The development will be the Consultant
NEWCASTLE Direct: +44 (0) 20 7152 5185
ANGLIA SQUARE, most innovative manufacturing
C&W are advising Newcastle City location and concept for three Mobile: +44 (0) 7713 781 648
Council and NE1 on the transformation NORWICH
quarters of a century and robin.lovell@cushwake.com
of the Northumberland Street Area, in a Cushman & Wakefield is
will provide a diverse range
providing comprehensive
bid to create a top European retail and
development service to
of building types to meet “John Lewis coming to Birmingham will play
leisure destination. Northumberland Burberry’s varied requirements.
Street is situated within the heart of Columbia Threadneedle on
Central to the development
an important part in the wider regeneration
this 12 acre site in Norwich;
BRENT CROSS, LONDON the city, the benefits realised here will
act as the catalyst to transformation in one of the key regeneration
will be a new state of the art of the city centre. Cushman & Wakefield
Cushman & Wakefield have advised on this flagship scheme manufacturing facility housing
since its original construction, now focussing on its £1.4bn
wider Newcastle. sites within the
the start to finish production of acted for the Council and their JV partner
city centre.
redevelopment. The planning application was submitted in May textiles and garments from its Network Rail and their input was critical in
2017 for more than 200 new retail stores, 60 restaurants, a state Heritage range.
of the art cinema complex, hotel accommodation and a new town securing the investment.”
square. Acting on behalf of Hammerson and AbeerdeenStandard,
we are providing a range of development advice. PETER JONES
Director of Property, Birmingham City Council
26 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 27WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
work, shop and live
OUR SHOPPING
WE ARE
CENTRE INVESTMENT
TEAM IS MARKET
LEADING, COMPRISING
SPECIALISTS AT
SHOPPING
EACH LEVEL WITH
STRONG ANALYTICAL
AND CASHFLOW
CENTRE
MODELLING SKILLS.
This results in a deep understanding of various
INVESTMENT
shopping centre markets, whether super-prime and
prime assets sought after by REIT’s and Overseas
Sovereign and Institutional capital, or more
convenient led schemes offering opportunities for
private equity and added value asset
management specialists.
Their best in class track record provides strong
commercial advice and a team embedded within the
UK shopping centre investment market with access
to truly global capital.
SERVICES INCLUDE:
• Retail Leasing
• Shopping Centre Investment
• Development & Planning Advice
• Strategic Advice
• Lease Advisory/Rent Review
• Valuation
• Property Asset Management
• Shopping Centre Commercialisation
• Research & Consultancy
• Business Rates
26%
MARKET SHARE
£1.37 Billion
TRANSACTED BY INVESTMENT IN
28 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 29WE ARE
SHOPPING CENTRE
/ HIGH STREET INVESTMENT "Barry and his team are significantly ahead of the competition
when providing commercial advice with an unparalleled
QUEENSMERE AND
OBSERVATORY SHOPPING
ability to negotiate hard and aggressively when needed to
CENTRES, SLOUGH
In November 2016 C&W acquired
serve the best interests of the client. When selling for us he
Queensmere and Observatory
Shopping Centres in Slough
went above and beyond to realise the best price and when
for a purchase price of £130m
reflecting a 5% NIY. Key tenants purchasing on our behalf, we were impressed by the level of
include Debenhams, H&M, Marks
& Spencer, Next and Primark. detail and service provided"
ANDREW TURTON,
Head of Retail
Catalyst Capital
THE GLADES, BROMLEY
In October 2016 C&W sold The
Glades Shopping Centre in
Bromley on behalf of the vendors
Intu and Aviva. The shopping
centre sold for £280m achieving HIGH STREET
a 5.7% NIY. Key tenants include
Cushman & Wakefield’s High Street Retail Investment
Marks & Spencer, Debenhams,
Team is truly national. We have 18 offices across the
Zara and H&M.
UK including specialists in Edinburgh and Glasgow.
We have a diverse range of clients who recognise the
strategic advice we bring to transactions through our TRANSACTED
£508.5
strong occupational knowledge.
WAVERLEY MALL,
The team has an excellent track record in both the
acquisition and disposal of high street investments m
EDINBURGH and transacted £168m in 2015. Its close principal and 2016
IN
In March 2017 Cushman & agent relationships make it fully immersed in the
Wakefield acquired Waverley Mall market and able to provide up to date, relevant and
shopping centre in Edinburgh calculated advice.
for a purchase price of £23.4m
reflecting an 8% NIY. Key tenants
include Sainsbury’s, Game,
Superdry, New Look, Warehouse
and Tiger. CASE STUDIES
WHITEFRIARS SHOPPING
CENTRE, CANTERBURY
In November 2016 Cushman &
Wakefield acquired Whitefriars
Shopping Centre in Canterbury
on behalf of Canterbury City M&S PORTFOLIO PENTA PORTFOLIO BOOTS, BRIGHTON
Council for a purchase price In August 2016 C&W advised In July 2017 C&W advised Sold on behalf of John Lewis,
of £79m reflecting a 6% NIY. Fortress on the purchase of a Fortress on the disposal of for £31.55m.
Key tenants include Fenwicks, portfolio of 76 M&S assets for five M&S stores for £50m.
Primark, Tesco, Zara & H&M. £407m. The portfolio contained Stores included Altrincham,
13 prime London assets. Chesterfield, Halifax, Sutton
and Wolverhampton.
THE SADLERS CENTRE,
WALSALL
In September 2017 Cushman &
Wakefield purchased The Sadlers
Centre, Walsall on behalf of
Walsall Council. The 200,000
sq. ft. shopping centre was
purchased for £12.5m reflecting
a 9.3% NIY. The scheme is let 43-46 CORNMARKET 11-17 LISTERGATE, 86-88 MARKET STREET,
to retailers including Marks & STREET, OXFORD NOTTINGHAM MANCHESTER
Spencer, Select, Warren James,
C&W agreed a lease to Disposal on behalf of Redevco Acquisition of 86-88 Market
Clarks, TJ Hughes and Claire’s.
Natwest and Leon restaurants for £23.2m Street, Manchester for £10.5m
after acquiring the units for an on behalf of an overseas HNWI.
overseas HNWI for £17.75m.
30 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 31SHOPPING
CENTRE /
HIGH STREET
INVESTMENT
“The Cushman & Wakefield CONTACTS
high street investment team
SHOPPING CENTRE
Patrick Knapman
Head of Retail Capital Markets
Direct: + 44 (0) 20 7152 5019
provided us with sound
Mobile: + 44 (0) 7768 825 666
patrick.knapman@cushwake.com
Barry O’Donnell
professional real estate advice
International Partner
Direct: +44 (0) 20 7152 5591
Mobile: +44 (0) 7939 060 346
barry.o’donnell@cushwake.com
that added real value to the
Chris White
Partner
Direct: +44 (0) 20 7152 5735
Mobile: +44 (0) 7917 423 453
business over the course of the
chris.white@cushwake.com
John McClymont
Partner
last 12 months”
Direct: +44 (0) 20 7152 5552
Mobile: +44 (0) 7710 966 232
john.mcclymont@cushwake.com
Chris House
Surveyor
ANDREW MILLS, Direct: +44 (0) 20 7152 5552
Mobile: +44 (0) 7710 966 232
Senior Property Asset and Development Manager chris.house@cushwake.com
Dominic Barnard
John Lewis Partnership Surveyor
Direct: +44 (0) 207 152 5970
Mobile: +44 (0) 797 076 1972
dominic.barnard@cushwake.com
Thomas Miller
Surveyor
Direct: +44 (0) 207 152 5133
thomas.miller@cushwake.com
HIGH STREET INVESTMENT
Chris Lewis
Partner
Direct: +44 (0) 20 7152 5991
Mobile: +44 (0) 7793 808 991
chris.g.lewis@cushwake.com
Fraser Ramage
Surveyor
Direct: +44 (0) 20 7152 5991
Mobile: +44 (0) 7793 808 991
fraser.ramage@cushwake.com
Ollie Thornton
Surveyor
Direct: +44 (0) 20 7152 5991
Mobile: +44 (0) 7793 808 991
ollie.thornton@cushwake.com
SCOTLAND
Stephen Bibby (Edinburgh)
Partner
Direct: +44 (0) 131 222 4523
Mobile: +44 (0) 7799 361 290
stephen.bibby@cushwake.com
Sarah Stewart (Edinburgh)
Senior Surveyor
Direct: +44 (0) 131 222 4524
Mobile: +44 (0) 7432 709 432
sarah.stewart@cushwake.com
32 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 33WE ARE THE CENTRE
OF RETAIL & LEISURE
Helping clients transform the way people
work, shop and live
WE ARE
WE OFFER ADVICE
ON ALL TYPES OF
RETAIL PROPERTY
ACROSS THE UK,
RETAIL LEASE
WITH SPECIALIST
ADVISORS
WORKING OUT
OF OUR LONDON,
ADVISORY
MANCHESTER,
BRISTOL AND
GLASGOW OFFICES.
We act for major landlords including listed property
companies and pension funds, with key clients
including Hammerson, Intu, M&G and British Land
as well as private landlords and investors. We act
nationally for occupiers such as T.M Lewin, Lego,
The Co-Operative bank, Kurt Geiger and Vodafone.
We also undertake expert witness work in relation
to Arbitration and Independent expert referrals and
have representatives on the RICS panel of Arbitrators
and Independent Experts.
OUR EXPERTISE COVERS ALL ASPECTS OF
RETAIL PROPERTY INCLUDING:
• Shopping Centres
• Supermarkets
• Department stores
• Central London
• National High Streets
6m
ADVISE ON OVER
sq. ft.
OF SHOPPING CENTRE ASSETS
34 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 35WE ARE RETAIL LEASE ADVISORY
RETAIL LEASE ADVISORY CONTACTS
Tom Plaine Peter Balnave
Partner Partner
Direct: +44 (0) 20 7152 5862 Direct: +44 (0) 14 1223 8777
Mobile: +44 (0) 7702 759 208 Mobile: +44 (0) 7887 795 500
tom.plaine@cushwake.com peter.balnave@cushwake.com
Tim Davis Gino D’Anna
Partner Partner
Direct: +44 (0) 117 910 6686 Direct: +44 (0) 161 235 8967
Mobile: +44 (0) 7980 666 074 Mobile: +44 (0) 7808 479 323
MANCHESTER ARNDALE SAINSBURY’S, NORTH WORLE SOUTHGATE, BATH
tim.davis@cushwake.com gino.danna@cushwake.com
Cushman & Wakefield is appointed DISTRICT CENTRE, Cushman & Wakefield is instructed by
by M&G and Intu to provide landlord WESTON SUPER MARE Aviva & British Land to provide landlord Sarah Key Richard A D Bullen
and tenant advice, deal with the rent Cushman & Wakefield acted for British and tenant advice and deal with rent Partner Partner
reviews and lease renewals in respect of Land on a rent review of this 74,000 reviews and lease renewals in respect of Direct: +44 (0) 20 7152 5892 Direct: +44 (0) 191 223 5745
the 1.4m sq. ft. Manchester Arndale. sq. ft. Sainsbury’s store together with Southgate, Bath. Mobile: +44 (0) 7771 554 011 Mobile: +44 (0) 7747 008 40
five unit shops and a retail warehouse sarah.key@cushwake.com richard.bullen@cushwake.com
occupied by TK Maxx.
Niall Mackinnon Alexia Swift-Cookson
Partner Associate
Direct: +44 (0) 113 233 8860 Direct: +44 (0) 20 7152 5808
Mobile: +44 (0) 7921 931 327 Mobile: +44 (0) 7793 808 808
niall.mackinnon@cushwake.com alexia.swift-cookson@cushwake.com
Tom Ellams Oliver Bates
Senior Surveyor Senior Surveyor
Direct: +44 (0) 20 7152 5831 Direct: +44 (0) 121 697 7386
Mobile: +44 (0) 7725 186 942 Mobile: +44 (0) 7715 417 455
tom.ellams@cushwake.com oliver.bates@cushwake.com
Louise Walls Andrew Heywood
GUCCI, LONDON HOUSE OF FRASER, LONDON VICTORIA QUARTER, LEEDS
Senior Surveyor Senior Surveyor
Cushman & Wakefield acted for the Cushman & Wakefield acted on the Cushman & Wakefield is jointly Direct: +44 (0) 141 223 8784 Direct: +44 (0) 20 7152 5055
landlord to provide professional advice rent review of House of Fraser for the instructed by Hammerson to provide Mobile: +44 (0) 7764 398 209 Mobile: +44 (0) 7958 767 591
for the rent review of Gucci. landlord. landlord and tenant advice and deal louise.walls@cushwake.com andrew.heywood@cushwake.com
with the rent reviews and lease renewals
in respect of Victoria Quarter, Leeds. Imogen Trice Chris Osmond
Surveyor Consultant
Direct: +44 (0) 207 152 5299 Direct: +44 (0) 20 7152 5372
Mobile: +44 (0) 7702 918 073 Mobile: +44 (0) 7753 826 421
imogen.trice@cushwake.com chris.osmond@cushwake.com
Hugh Bird Nikki Skelton
Consultant Consultant
Direct: +44 (0) 20 7152 5021 Direct: +44 (0) 02 8767 7717
Mobile: +44 (0) 7841 055 689 Mobile: +44 (0) 7850 664 547
hugh.bird@cushwake.com nikkiskelton@skeltonconsulting.com
VODAFONE T.M.LEWIN PEEL LAND & PROPERTY AND
Cushman & Wakefield is instructed to Cushman & Wakefield is instructed to ORCHARD STREET INVESTMENT
provide strategic advice on Vodafone’s provide strategic advice on T.M.Lewin's MANAGEMENT
500 store UK portfolio, to include rent national portfolio, to include rent Cushman & Wakefield is rent review
review, lease renewal and lease review, lease renewal and lease regear advisors to Peel Land & Property and
regear negotiations. negotiations. Orchard Street Investment Management.
PIZZA HUT UK ROYAL PRIORS, LASALLE YATE SHOPPING CENTRE
Cushman & Wakefield is appointed to INVESTMENT MANAGEMENT Cushman & Wakefield have acted on this
advise Pizza Hut on all of their out of LEAMINGTON SPA 400,000 sq. ft. shopping centre situated
town rent reviews and lease renewals Cushman & Wakefield is appointed by 12 miles to the North of Bristol since
& regears for the North of England and LaSalle Investment Management to 2001 for 3 different owners. We have
Scotland. provide the full spectrum of landlord continued to increase rents, while at same
and tenant advice at several shopping time being very proactive in terms of
centres including Royal Priors, undertaking lease re-gears and removal
Leamington Spa. of breaks, as part of the overall asset
management strategy.
36 - Cushman & Wakefield - Retail Book Cushman & Wakefield - Retail Book - 37You can also read
