Sainsbury's picks Cushman to advise across UK real estate

By Kasmira Jefford - Monday, August 07, 2017 11:52

Sainsbury’s has appointed Cushman & Wakefield to supply estate management services to support its current and future UK property requirements following its acquisition of Home Retail Group last year, CoStar News can reveal.

Sainsbury’s awarded the contract, which commences in November, following a thorough review of its property needs in light of the acquisition last year of Home Retail Group. The integration of the businesses creates a portfolio of more than 2,000 stores and operational properties.

Cushman & Wakefield replaces CBRE as advisers.

The contract will be managed by Cushman & Wakefield’s Global Occupier Services (GOS) business, under the account leadership of Peter Hulme, who heads the Occupier Management service line in EMEA.

James Maddock, Head of GOS EMEA, Cushman & Wakefield, said: “We are delighted to be appointed to work with Sainsbury’s as their estate management provider. This award is evidence that clients see significant value in the strength of Cushman & Wakefield’s market-leading business in the UK. Sainsbury’s will be a flagship client for our GOS business, and we are very pleased to be able to support them at this exciting time.”

CBRE won a contract to take over the management of Sainsbury’s’ UK real estate in July 2010, wrestling the contract from NB Real Estate.

Since then, Sainsbury’s has doubled its estate from the 1,000 supermarkets and convenience stores the group had in the UK in 2010, as well as more than 100 offices and warehouses. At that time the supermarket group’s portfolio spanned 20m sq ft and was valued at £8bn before undergoing an aggressive expansion plan.

Cushman & Wakefield’s Occupier Management team offers lease administration, implementation, ongoing management, and treasury payment services.

It said it adds value by "bringing portfolio and operational data, market intelligence and analytics together into meaningful management information to support improved decision-making and operational strategy".

Across EMEA, Cushman & Wakefield’s GOS team works with more than 200 clients in 43 countries across 100 offices.

kjefford@costar.co.uk

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