We have been appointed by Co-op to provide lease consultancy services for its Yorkshire and North East region.
The firm’s remit will comprise the Co-op’s trading leasehold convenience store and funeralcare portfolio. The appointment means that we will now act as lease consultancy advisors for three of the mutual’s six UK property regions, the other two being the North West and Central and Eastern regions.
Alan Stell, Co-op’s national estates manager said: “Our food business is the fastest growing non-discounter in the UK and managing our portfolio of existing stores is fundamental to doing business in a better way for our members, customers and the local communities we serve. With our recently revised membership offer which includes giving 1% of own brand spend back to over 4000 community groups it is important to control costs in a competitive retail market.
“We have around 100 transactions taking place annually across the three regions that Sanderson Weatherall now handles for us. Due to this volume of activity, it’s vital that we have a lease consultancy team with expert market knowledge able to manage the scale of the work whilst also maintaining very high quality standards throughout. Having partnered with Sanderson Weatherall for the past eight years, we know they can deliver the standard of lease consultancy services required to enable us to actively manage our property portfolio.”
Earlier this year, we enhanced our nationwide lease consultancy service by expanding our office network across the UK. The lease consultancy division deals with rent reviews, lease renewals and lease re-gears on all types of commercial property throughout the UK.
The team is managed by Leeds-based head of lease consultancy, David Rastrick, supported by partners Fiona Rowland and Stephen Jefferies. Within our other offices the lease consultancy teams are led by Kim Murray in Manchester, Aidan King in Birmingham, Andrew Udall in London, Anthony Turner in Bristol and Shona Baxter in Newcastle.
David Rastrick, commented: “We’re delighted to provide our services to an additional region for Co-op. The team across our Leeds, London, Manchester and Birmingham offices are looking forward to adding real value to their operations across the UK.”