CBRE has bought London retail agency Michael Horwitz & Company.
Michael Horwitz and his team will join CBRE’s UK retail team in London. They will operate alongside CBRE’s London retail directors, including Eric Eastman, Kevin Farrow and Mark Burlton, and with CBRE’s global retail team.
Michael Horwitz & Company was founded in 1996 and is led by Michael Horwitz. The company has a long-established client base of British and international aspirational and luxury retail brands, and has worked with various French and Italian premium brands on their real estate strategies to enter and expand in the UK.
The move follows CBRE’s acquisition of the luxury retail property adviser Michael Peddar & Co in 2011.
Ciaran Bird, UK managing director at CBRE, said: “Our strengthened team’s collective expertise and relationships with many of the world’s leading luxury brands, combined with our broader capability in global retail, provides a powerful advantage for clients expanding into the growing luxury goods and lifestyle sector in the UK and markets globally.”
Horwitz said: “London continues to be a magnet for leading international retail brands and our clients have been and will continue to be, first-movers in acquiring prime locations here and in other major cities across the world. Becoming part of CBRE gives us access to its powerful international platform and services, and means we can now stay close to our long-standing clients and assist them with their international expansion plans and broader property needs wherever in the world they choose to operate.”
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