Cushman & Wakefield, the world’s largest privately-owned real estate services firm, has been instructed by high street fashion retailer Select to assist in its UK expansion.
Select, which is a ladies fashion-focused retailer, is currently based in over 130 UK locations. It plans to open 200 new stores in prime retailing locations over the next five years as part of an aggressive growth strategy.
Cushman & Wakefield is working with Select to produce a bespoke list of property requirements – based on Select’s key demographics and existing customer profile – to help the business acquire suitable UK retail units ranging from 2,500-4,000 sq ft over one trading floor. Areas of particular focus include the South and South East, including Greater London.
James Merrett, partner in Cushman & Wakefield’s Retail team, said: “Select has an ambitious plan to expand and is looking to open around 40 stores per year over the next five years. By understanding Select’s core business and analysing their existing customer base, we are able to refine our search criteria to ensure we secure quality sites. Select’s acquisition programme is very exciting, especially in the backdrop of challenging market conditions.”
