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Cushman & Wakefield Remains the Most Active Retail Agent in the West Midlands

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Leading real estate company Cushman & Wakefield has been named as the most active retail agent in the West Midlands – for the second year running.

The firm – which last year completed a massive 221 transactions – finished in top spot in a survey of deal activity carried out by a leading property trade magazine.

Rob Alston, retail partner at Cushman & Wakefield in Birmingham, said that the survey had shown that the firm was continuing to go from strength-to-strength in the retail sector.

“To be named as most active retail agent in the West Midlands for two years running is a great achievement,” he said.

“Even more so when you consider that we have only had a presence in Birmingham for the past six years, and that the economic backdrop in 2008 was particularly daunting.”

In the previous survey, Cushman & Wakefield came top after notching up 191 transactions in 2012, a figure which the firm easily beat last year.

Among major deals secured last year by the firm’s retail team in the Midlands was the £88m purchase of the Gracechurch shopping centre in Sutton Coldfield.

Cushman & Wakefield advised the new owner, M & G Real Estate, on rental advice, tenant demands and due diligence, and is now joint letting agent for the shopping centre.

During the year, Cushman & Wakefield was appointed on two new shopping centre instructions in Burton-upon-Trent and Halesowen and also re-appointed at two other shopping centres in the West Midlands, both of which are also under new ownership.

They are Solihull’s famous Mell Square, which was bought by IM Properties, and Northfield shopping centre, now owned by La Salle Investment Management.

Cushman & Wakefield’s Birmingham office now handles 21 major shopping centre instructions, including Cribbs Causeway, Bristol and St Davids, Cardiff.

As a result of the increased workload, the Birmingham retail team has doubled in size in the past two years, with Doug Tweedie joining in March 2012 as a senior surveyor, and Alex Carr in November of that year as an assistant surveyor.

Rob Alston said: “All of this confirms that we are not only one of the most active retail agents in the region, but also the leading shopping centre leasing agent in the locality.”

Nationally, Cushman & Wakefield was named retail agency of the year, leisure agency of the year and industrial agency of the year at the recent UK Property Awards 2014.