Our Out of Town Retail team advises on all aspects of this specialist sector including retail parks, retail warehousing and food stores.
We provide market leading advice to landowners, local authorities, investors, developers and retailers. Should you be considering any of the following we can almost certainly offer market leading, strategic and value-add advice:
- as an occupier – acquisition, disposal or regearing
- as an investor – investment acquisition, sale or funding
- asset management
- reviewing your lease
- new market entry
How We Can Help
We offer a full range of specialist advice in agency, investment and lease advisory. Our team has been specifically set up as a single business unit to combine these three key functions so we can deliver integrated and innovative solutions to you.
Our national Out of Town Retail team provides advice throughout the UK on all aspects of this specialist retail sector including retail parks, stand-alone retail warehousing and food stores. We provide market leading advice to landowners, investors, developers and retailers.
Our team is one of the largest in the sector but is most notable for its high level of seniority and depth of experience. Clients benefit from a Partner level service on all projects with a team that is innovative in adopting a client first approach to all appointments.
Our out of town retail investment team (two Partners, one Associate and one surveyor) is widely acknowledged as a market leader in retail warehouse and food store investment. Acting for a broad range of landlords, investors and developers across the UK and Northern Ireland, the team has transacted over £2.5bn worth of investment deals in the last 3 years including over £500m in foodstore assets during 2014.. A key part of the Out of Town Retail Team they work closely with agency and lease advisory colleagues to provide comprehensive, well informed, pragmatic and commercially focused advice to clients across the sector.
Our agency experts provide specialist leasing advice to landlords and developers across the UK. Our strong knowledge of retailers’ requirements allows us to identify opportunities to lease space on the best possible terms for our landlord clients.
We have extensive expertise in the development of all forms of out of town retail property including standalone DIY stores, retail parks, edge of centre schemes and food stores. We provide landowners, developers and retailers with advice on site potential, development value, acquisition and tenant demand. We are currently advising on over 1 m sq ft of retail warehouse development.
Asset management requires an integrated approach combining input from leasing, development, investment and lease advisory. Our single team structure enables us to be highly effective in providing asset management advice. We currently manage over 90 retail parks throughout the UK totalling 11m sq ft.
We act on a retained and non-retained basis for many of the leading retailers active within the out of town sector.
Our advice covers the acquisition of new stores and disposal of surplus space as well as more strategic consultancy around portfolio re-orientation where retailers are seeking to maximise their existing property portfolios including buying-in freeholds, sale and leasebacks and lease restructuring e.g. early surrenders or regears.
For retailers who want to enter the UK out of town retail sector, we specialise in advising them; starting from high level research based consultancy through to detailed new store negotiations.
Food retail is a major component of the out of town retail market. We have considerable expertise in this highly specialised sector advising landlords, developers, investors and supermarket operators. On a non-retained basis, we act for a number of the major supermarket operators introducing and advising on new store opportunities in this highly competitive and fast growing sector.
Our lease advisory function advises on retail parks, single let units, food stores, leisure schemes and restaurant units on a UK wide basis and works closely with both agency and investment.
The team can help with:
- rent reviews
- lease renewals
- dispute resolution and expert witness advice
- arbitration and independent expert referrals
- lease advice, restructuring and regearing
- rental valuation advice in combination with our agency and investment teams
Experience and Resources
Our out of town retail experts are based in London, Manchester and Glasgow, and the team is one of the largest in the sector, notable for its high level of seniority and depth of experience. Sitting within what is acknowledged as the UKs leading Retail Team and on a Global Platform working with hundreds of occupiers and landlords across the out of town, high street, shopping centre and factory outlet sub-sectors we can draw on an unparalleled depth of experience and resource to offer the most informed advice whatever the size or scope of your project.