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Well, the UK’s largest independent pharmacy business re-appoint us for lease consultancy services

Kim Murray / 28 Jul, 15

Well, the UK’s largest independent pharmacy business, has re-appointed us to provide advice on its 165 northern branches.

Manchester-based Well, formerly known as The Co-operative Pharmacy, has renewed the relationship, that began six years ago.

The re-appointment follows the organisations’ partnership lapsing due to The Co-operative Pharmacy’s purchase in October last year for £620m by London-based multinational family-owned company Bestway Group. A six-month transition period followed the sale, during which the pharmacy organisation was advised by its vendor The Co-operative Group.

Our renewed service to Well will be delivered by our lease consultancy experts and will cover matters such as renewals and rent reviews, plus the provision of ad-hoc advice. It will be supplied from our offices in Manchester, Leeds and Newcastle.

Meredith May, national property manager, Well, said: “We’re delighted to be working with Sanderson Weatherall again because we built up a good relationship and developed a very effective partnership with that organisation previously. In a nutshell, the firm has shown that it understands who we are and what we’re about.

“Our business is currently going through a period of rapid change – in addition to the transfer of ownership, we acquired Care4U, a pharmacy chain employing 70 staff at seven sites in Devon, during February, for example. It’s therefore all the more important for us to work with suppliers we know we can trust and Sanderson Weatherall certainly fits that bill.”

Well now has over 780 branches and more than 7,000 employees across the UK.

David Rastrick, partner in our lease consultancy team, said: “We’re very proud of our long-standing relationship with The Co-operative Pharmacy and are now looking forward to delivering a range of benefits to Well at this interesting and exciting time for the organisation, which operates in a highly competitive market.”

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