Landsec has appointed a retail leasing agent panel to advise on its circa £1.7bn retail and hospitality portfolio, reducing its roster to five agents.
The landlord has chosen CBRE, Bruce Gillingham Pollard, Colliers, Curson Sowerby Partners and Time Retail Partners to join its panel, which forms part of Landsec’s new operating model. It is understood that it had previously enlisted 31 firms.
CBRE has won the biggest role of the five, working across all of the sectors in the portfolio. The remaining agents will have sector specialisms to enable Landsec to foster deeper relationships with brand partners.
Bruce Gillingham Pollard will advise on food and beverage and leisure; Colliers and Time Retail will both focus on apparel and accessories; health and beauty, technology, automotive, services; and Curson Sowerby will cover home, garden and grocery.
Each agent will work with Landsec’s brand team to serve new and existing retail customers while supporting the business in finding new brands to curate the right brand mix across its destinations.
Bruce Findlay, managing director for retail at Landsec, said: “At Landsec, we’re focused on forging closer, more collaborative relationships with our brand partners, helping them create value at every opportunity – based on the simple notion that their success is our success.
“This guiding principle lies at the heart of our new retail strategy, and today’s announcement – which will see us move to a refined panel of retail agents – is an important step in our journey to deliver on that promise.
“The new, sector-led model we are announcing brings us closer to the brand experts who will drive real value for our customers. We believe our work with CBRE, Bruce Gillingham Pollard, Colliers, Curson Sowerby Partners and Time Retail Partners marks a new way of working that is fit for the future of retail.”
Tracey Pollard, managing director of Bruce Gillingham Pollard, said: “We’ve always specialised in taking a concept-led approach to identifying operators who are a fit with a specific location, its demographics, and the aspirations of the landlords. We track F&B and leisure operators as they develop and have been involved in several launching into the UK regions following debuts in London.
“We’re very much looking forward to expanding our existing working relationship with Landsec across a UK portfolio which is characterised by its reach, variety and quality.”
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